Zombie Bank Apocolypse: Updates & Agreement

As noted previously, vagueness and a lack of willingness to admit insolvency could be potentially plagueing the Geithner Plan and the US Banking problems respectively. Many others have reached similiar conclusions:

Rober Reich points out Geithner's Plan: It's Not Transparent and It's Still a Bailout

The FT's notes that the US can learn from Japan’s crisis

The NYT's explains that In Japan’s Stagnant Decade, Cautionary Tales for America

The overall conclusion? If the US doesn't do something about the zombie banks (or at least recognize they exist!) we are headed down the same path as 90's Japan. As our crisis reaches much further than the banking/financial sector alone, we could be in for more than a lost decade.