How broken is the banking system?

My latest from over at BlownMortgage:

The most important number not included in Mr. Geithner’s bailout plan has nothing to do with who gets how much. That is all just fine-tuning and clearly not a number Geithner & Co. have figured out yet. (Why release a plan before you have figured that out? I dunno either.) The most important number not included in the bailout plan is one he knows and isn’t telling: How big is the problem? … (more)

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