Now raising intellectual capital
from Rolfe Winkler:
Paul Miller, the analyst that covers banks and thrifts for FBR Capital Markets, put out a report today breaking down Tim Geithner's Framework for Reforming Banking Firms. Geithner's plan is a good document, showing that Treasury takes very seriously the need to establish tougher, more robust capital requirements for banks. Miller broke down the recommendations in the handy chart below.
If you have trouble reading it, here is the PDF (linked to with permission).
(Click the table to enlarge in a new window)
Miller can take some credit for influencing Geithner's report. More than any other analyst, he has emphasized the importance of tangible common equity as the best buffer to protect banks from collapse.