Xorthfred

Why This Bailout Can't Work - And What Will

ONE REFORM WOULD REVERSE THE DEATH SPIRAL: go back to the pre-Sarbanes Oxley accounting rules. If a mortgage is performing, you shouldn't have to write it off. Period. No one should invest in any bank or insurance company until the quarterly mark to market death spiral ends with mortgages selling based on a 75%+ annual return to the buyers or mark to market accounting of performing mortgages comes to an end. It is just a matter of how heavy the hand of govt. intrusion into the markets will push this economy down!!!!!!!!1