Geithner's toxic asset plan should work and may even revive an appetite for these toxic assets from the private sector, says David Costa, dean at Robert Kennedy College.
Markets Cheer Geithner's Plan
Tim Adams, managing director at The Lindsey Group says the negative mood in Washington may risk discouraging private money which is key to the success of the government's toxic asset plan.
Do US Banks' Toxic Assets Look Attractive?
The U.S. toxic asset plan will probably be well received by private investors as the economics of the transactions are very attractive, notes Kirk West, MD, Asia at Principal Global Investors.
US Plan Re-establishes Credibility of USD
The U.S. toxic asset plan is bearish for the dollar in the near term but long term, it re-establishes the credibility of the currency, says Adam Carr, senior economist at ICAP.
Implementation is Key to Success of US Plan
The U.S. toxic asset plan alone will not stabilize the financial system, warns Kirby Daley, senior strategist at the Newedge Group. He tells CNBC that clarity and details on the plan are not enough, as it will only help if the implementation works to near perfection.