dixie

FASB Unlikely to Suspend Mark to Market

Fair value accounting as promolgated by FASB and the FDIC is a misnomer.
There is nothing either intrinsically "fair" or representative of "value" about it. Both of these two groups are out of touch with reality and too often appear to have their respective heads where the sun doesn't shine.

A DCF model is both fair and realistic irrespective of the ups and downs of the economy.

Rubin Deserts a Sinking Citi

For what Rubin did in both government and at Citi, he should take a long walk off a short plank.

Preview of the Bank Buy-In

Now would be a good time to give Washington Mutual shareholders there just due.

The FDIC literally gave WM to JPM for peanuts and now taxpayers will loan even more to JPM. What a deal!