Pent up demand

Nixing 'Mark to Market' Won't Solve the Problem

I agree that Lehman, Wachovia, et.al. would probably have failed even under looser accounting rules. However, I think at this point we have to give cashflow positive financials a bit of breathing room. Let private capital gamble on whether the higher marks are correct or not. It serves nobody but the vultures to force an otherwise going concern to mark their stuff at the price of the most distressed player in the industry.

The Worst Is Over ... Again ... And Again ...

baji, I suggest you drop that envelope in a mailbox without a stamp. Too many errors of logic to deal with in this little space...

Subprime Write-Downs More Than 50% Done? Write-Ups Coming Next?

Tony Soprano has been all over this site pumping stocks. Yeah, a negative consensus is a buy signal - except when it isn't.

This thing has been spun from day one as a subprime problem. That is what they are feeding the masses. As freedomrenter says, who cares if they wrote the subprime down to zero. Only after the Alt-A, option-ARM, and HELOC losses been counted will I think about becoming a buyer. In the meantime I stay in cash and watch my insurance policy (commodities) pay off, and keep my powder dry.