Geithner's Plan Fits Perfectly with New Mark to Market [View article]
"I think these estimates are too conservative. With Geithner’s plan these assets will return to much higher levels...even approaching a full 100 cents on the dollar as housing stabilizes and investors return to the space."
Some of those assets were never worth 100%. Remember how part of the problem is repackaging and regrading of the substandard tranches to get a better rating? Pick up this month's Esquire. There's a good layman's article about how the math was abused in the regrading.
C'mon JB, Cindy already posted the link to the original message in this editorial. Look for this text at the bottom "Note: Edited from materials written by Numbersssss ". Notice it's a link. What's wrong with you? Cindy isn't trying to mislead anyone.
JB, are you jealous? You are king of cut and paste on the Yahoo message board. You are the last person that should accuse Cindy of regurgitating other people's posts.
Geithner's Plan Fits Perfectly with New Mark to Market [View article]
Some of those assets were never worth 100%. Remember how part of the problem is repackaging and regrading of the substandard tranches to get a better rating? Pick up this month's Esquire. There's a good layman's article about how the math was abused in the regrading.
Trash cannot recover value it never had.
Seeking E*Trade's 'Magic Moment' [View article]
Seeking E*Trade's 'Magic Moment' [View article]