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Tom Armistead » Comments » ACAS

  • Global Capital Asset Death Spiral [View article]
    I agree with all the comments that mentin mark to market as the surce of the problem. Once the CADS gets rolling, the mark to market keeps it rolling and exacerbates the problem. The solution is easy - any bond that is not in default, if the holder is able and willing to hold to maturity, is booked at amortized value.
    Sep 09 20:41 pm |Rating: 0 0 |Link to Comment
  • Lehman Brothers Take-over: Implications for Financials [View article]
    On ABK and MBI you are missing the point: adjusted book value is the proper metric.

    Extrapolating from one troubled investment bank to a variety of other types of financial institutions is an exercise in futility - apples to oranges.



    Aug 24 08:43 am |Rating: 0 0 |Link to Comment
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