Roland Cycan

Unintended Consequences of Four Government Policies

"...the short term devaluation of the mortgage backed securities
..."

If the market believed the devaluation was short term, people would be rushing to buy them. Can you show me, please, that the devaluation is short term. I believe that it is long term.


And, I agree with the sentiment expressed by Brahm about protecting investors. How would you feel if you bought a stock based on its financial statements, only to be told shortly thereafter, those assets on our books, well the fair value of them is only 50% of what we are carrying them at on the statements? You'd have been lied to and screwed and you'd be right to be mad as hell.