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Keep believing, it is profitable for me. mauldin is good, but vastly underestimated the extent of this coming Depression. He also just published the Criminal PIMCO's take on things, a disappointment for me.
Apr 03 10:27 am
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All Comments by monday1929 »The FASB Rally: More Dishonest Breathing Room For Banks [View article]
On Apr 03 04:52 AM yay wrote:
> you have to take into account that these writedowns at first occured
> because there was no market, and there was no market because nobody
> wanted the ACCOUNTING risks these instruments brought with them,
> not neccessarily DEFAULT risks, if you discount the cashflow these
> papers will bring if ypu hold them till maturity you should still
> get a fairly high value, read mauldins report on this, frontline
> report or sth from 2 weeks ago...