Jason Schwarz

Obama's TARP 2 Signals an End to Mark to Market

Mark to market has turned the investment world into a group of fearful day traders. The health of our financial system should never be tied so closely to short term real estate fluctuations. Marking long term securities at short term valuations makes no sense at all. We need to provide our great banks like Bank of America, JP Morgan, Wells Fargo, etc... with a better system to be able to weather future real estate corrections. Returning to a system that values the long term over the short term is severely needed. This post-Enron experiment has gone terribly wrong and I am continually shocked that the masses don't see it.