Fair Value Pricing, Government Market Making and TARP

I have just posted this on knol:

How to Value Illiquid Toxic Assets clogging up the banking system (Work in Progress)

This article argues that the administration would get a fairer deal in buying troubled assets by becoming a market maker on those assets bought at a most refined level of granularity using a proposed relatively straightforward market-making method. This approach further has the benefit of being minimally surgically invasive while most speedily addressing the problem.