I certainly agree that the market should determine the value of the assets, even if they turn out to be worth 1/10th of what the banks would like them to be wor

I certainly agree that the market should determine the value of the assets, even if they turn out to be worth 1/10th of what the banks would like them to be worth -- that's life. The problem is that if the banks don't like the market price, they don't have to sell. As long as they hold the assets, the credibility of their balance sheets may be in question, but why sell the assets for cheap and prove their own insolvency. As I understand it, this is the current gridlock.