From Roubini's take on the big-bank bailout fund: "This mess was in part caused in the first place by the opacity and lack of transparency in financial markets. So it will take a lot more transparency – rather than half-baked shell games of reshuffling assets and liabilities while charging more fees in the process – to restore investors' confidence."

From a summary of Roubini's take by Atrios: "While such a fund may marginally help with liquidity issues, the problems aren't simply about liquidity. The problem is that that they bought a bunch of shitty assets."