User 194258

Freddie Mac's Latest Earnings Report Made Suckers of Us All

If company's can move assets to Level III to the tune of $151 billion because they don't like the pricing model the free market gives, then what is the point of even reporting earnings?

That's like saying to your tax broker, I bought $50,000 of stock but I don't like the way the market is pricing it at $30,000, so I'm going to move it to fantasy land and not report that loss because I feel that one day it will be worth $50,000...

WTF??? That is corruption...