IMF says U.S. economic plan leaves too many questions

03/20/2009 | Financial Times (free content)

The Obama administration's efforts to stabilize the banking system and bolster the economy have created uncertainties in the market, according to a report from the International Monetary Fund. "Critical details concerning the valuation of distressed assets remain unclear," the IMF report states. "The plan also does not address how severely undercapitalized or insolvent banks will be resolved ... greater clarity on all these issues will be critical to ensure the plan's effectiveness."

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