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The Crisis - One Year Later

The Financial Crisis: This Day—One Year Ago, Sept. 29, 2008

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Published: Monday, 28 Sep 2009 | 5:26 PM ET
By: CNBC.com
Price of Assets 'Opaque' Following US Bailout
Markets may welcome the $700 billion bailout package, but Marino Valensise, CIO of Barings, said he is worried about "opaque" price of liquid assets and how those prices will be established. Padhraic Garvey from ING Wholesale Banking comments on the possibility of a similar package for the EU.

Marino Valensise, CIO of Barings, on the bailout: "To be honest, I would have gone another way. I would have followed what Warren Buffett did with Goldman Sachs."

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Monday starts out hopeful. By day's end, those hopes are dashed, as the House kills the bailout bill and stock markets plunge to new lows.

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