Monday, June 29, 2009

PPIP Deathwatch Intensifies

Ah, the WSJ is finally coming around.

Check out this June 29 story: "Wary Banks Hobble Toxic-Asset Plan."

Of course if you were reading this blog (ahem), you would have known this was coming on March 25: "5 Reasons U.S. Banks Are Secretly Terrified of Geithner's Plan."

And if you wanted a blueprint of how the banks were going to hobble the toxic-asset plan, I did explain a plausible scenario in this April 16 entry: "JPMorgan Flips Geithner the Bird."

Or, if you want to just sit around and wait for a while, the Wall Street Journal will get around to figuring all this out by the end of June (hee hee).