The "Venom" Is Yet To Be Spit Out

The toughest question that remains unattended, even after the G-20 Summit, is that how the US banks are going to handle their most "toxic" assets that run into trillions of dollars -- just to be indicative of the severity, the top ten US banks had toxic assets of close to USD 3.6 trillion at the end of 2008.

By "toxic" assets, it is implied that those assets were extremely over-priced at the time when they were taken on the balance-sheets, and, today, they don't make any sense to anyone, not even to the US government, which might eventually have to buy them -- obviously, at a much reduced price and with the help of the recently modified accounting principles, so that the losses to the banks could be made less severe than the currently apparent ones -- in order to save the banks from again trembling after spitting the "venom" out.

But, the trillion-dollar questions are: When will the banks spit the "venom" out? Or, will they ever do so? Or, if they don't, then how will the US government make them do so? And, if this does happen, then what would be the implications for the economy at large?

I guess the easiest way to handle it is to dodge the question for as long as possible, because two massive, successive blows on the nose, can knock anyone out!!