Incoming Treasury officials, Bush officials, Fed and FDIC officials are all intensely focused on putting together an “aggregator bank” to soak up bad assets. The trouble with that, Steve Leisman points out, is that the banks would have to recognize very low marks and then raise capital accordingly to fill the holes in their balance sheets.
Just crossing the wires is a report of potenial threats to the inauguration. The Homeland Security Department says the credibility of the threats is uncertain.