Totffe's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/180737/comments http://seekingalpha.com/article/124510-trading-the-mark-to-market-modification-updated?source=feed#comment-417089 417089 The reason that suspending it may not do any good is that all the damage has already happened. If we do suspend it, are we going to tell financial instituions that they can just write-up the value of their assets based on some other standard? That's equivalent to saying, "yesterday we said you were insolvent, let's pretend today that you aren't." Or, after all this carnage, we would be like Rosanne Rosannadanna: "Never mind".
The one way I could see it working, is that the rules specify some different standard for asset values which is used only for the purpose of calculating capital adequacy for the banks and doesn't apply to general financial statements. That might ease the pressure on banks so they could loan more, without having them write up the assets on their GAAP books--which no one would believe. The danger is that the calculation of capital adequacy would be detached from GAAP accounting and expose the banking system to more "cooking of the books". It is too late to suspend M2M with any credible good coming of it.
]]> Sat, 07 Mar 2009 09:48:41 -0500 The reason that suspending it may not do any good is that all the damage has already happened. If we do suspend it, are we going to tell financial instituions that they can just write-up the value of their assets based on some other standard? That's equivalent to saying, "yesterday we said you were insolvent, let's pretend today that you aren't." Or, after all this carnage, we would be like Rosanne Rosannadanna: "Never mind".
The one way I could see it working, is that the rules specify some different standard for asset values which is used only for the purpose of calculating capital adequacy for the banks and doesn't apply to general financial statements. That might ease the pressure on banks so they could loan more, without having them write up the assets on their GAAP books--which no one would believe. The danger is that the calculation of capital adequacy would be detached from GAAP accounting and expose the banking system to more "cooking of the books". It is too late to suspend M2M with any credible good coming of it.
]]> http://seekingalpha.com/article/112247-taking-advantage-of-the-january-effect?source=feed#comment-338150 338150 Thu, 25 Dec 2008 11:53:47 -0500 http://seekingalpha.com/article/103439-the-worst-is-likely-behind-us?source=feed#comment-296286 296286 Sun, 02 Nov 2008 10:30:05 -0500 http://seekingalpha.com/article/103463-ubs-lowers-gold-expectations-again?source=feed#comment-296283 296283

On Nov 02 09:10 AM CLH wrote:

> The fact that gold is being lowered really doesnt matter for the
> goldbugs who are hell bent on losing their money in this depreciating
> asset.
>
> Gold topped in March 2008 as the dollar strengthened.]]> Sun, 02 Nov 2008 10:25:38 -0500

On Nov 02 09:10 AM CLH wrote:

> The fact that gold is being lowered really doesnt matter for the
> goldbugs who are hell bent on losing their money in this depreciating
> asset.
>
> Gold topped in March 2008 as the dollar strengthened.]]> http://seekingalpha.com/article/103463-ubs-lowers-gold-expectations-again?source=feed#comment-296281 296281 Sun, 02 Nov 2008 10:24:13 -0500 http://seekingalpha.com/article/101751-the-favorable-outlook-for-gold?source=feed#comment-290183 290183 Sat, 25 Oct 2008 08:48:34 -0400 http://seekingalpha.com/article/72967-many-investors-seem-to-think-the-worst-is-over?source=feed#comment-153621 153621 Sun, 20 Apr 2008 08:34:54 -0400