Griz

Paulson/Bernanke: $700 Billion at 'Hold to Maturity' Pricing

I can't believe what I am hearing… “Hold to maturity”? It’s almost like these hypocritical socio-capitalists are now turning on the very principle that they promoted so earnestly on the ride up. Do we now all of a sudden no longer have an efficient market? Are the markets only efficient in measuring asset price inflation? Can real estate only go up? Hold to maturity is a f#####g insult to anyone with 2nd-grade education. It is blindingly insulting that Bernanke would propose some new “valuation model” and expect the taxpayer to feel better about it. It is outright lying!!