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After cramming money into bad banks government suggests liquidating them.

Thu, 04/09/2009 - 3:39pm — Hal

Just read this via a twitter I got:

Congressional Panel Suggests Firing Managers, Liquidating Banks

A congressional panel overseeing the U.S. financial rescue suggested that getting rid of top executives and liquidating problem banks may be a better way to solve the economic crisis.

The Congressional Oversight Panel, in a report released yesterday, also said the Treasury may be relying on too rosy an economic scenario to guide its $700 billion bailout, and declared that the success of the program after six months is “mixed.” Three of the group’s members disagreed with at least some of the findings.

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