Weekend and more banks

There was a guy on fast-money last night. Who said roughly, you take the assets off the banks and you charge the banks for the actual losses. and that way only the actual losses are reflected on the bank balance sheets. Not the mark to market losses.

I never mean to oversimplify.

but the problem is that the banks have billions in 3% bonds, 3% ABS. and even a performing 3% ABS in "The market" is worthless, when you can get a Corporate bond at 7%.

yes, there are "toxic assets" which are various derivatives of those assets. and some of them are absolutely worthless.