7/9/2009

Daniel Alpert, managing partner at Westwood Capital, is among Wall Street critics scrutinizing the U.S. government's rescue strategy for the financial system. Some insiders said the efforts are simply delaying the inevitable because they allow banks to postpone revaluing loans. "The capital provided by the government through [the Troubled Asset Relief Program], etc. has allowed the banks to continue holding deteriorated assets at values far in excess of their true market value," Alpert said.

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NYTimes.com

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