The ''new'' Geithner plan

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It does but it confirms that, by looking at what banks do I cannot tell if the reason is ambiguity or, purely, waiting for Geithner lifesaving jacket under normal risk aversion ... right?

In other words: I know it is worth 30, which is what the market is offering, but given that Geithner will be soon offering 60, I wait. That's exactly what the Japanese banks did ten-fifteen years ago.