eddie6442

Mark-to-Market Accounting: Kill It Before It Eats Us Alive

I have been posting for weeks that Mark-to-Market and SARBOX personal liability for Officers/Directors has placed unreal pressures on Balance sheets and Financial results. These have been exploited by those who have SHORTED stocks into the abyss. Another example of the governments propensity to perpetuate the "Rule of Unintended Consequences. All because a few CEO's in the ENRON/WORLDCOM era were bad?
If these two pieces of legislation were rescinded and morgages were revalued closer to the value of the underlying house, Balance Sheets would be reflated up near 70-80%. Capitalization ratios would automatically be restored to strength. Rating agencies would adjust ratings upward. and pressures would be taken off share prices immediately to seek their true level. Thirdly, the SEC "must" restore the UPTICK rule and "prosecute" NAKED SHORTERS........no more SHO report..........becaus... there can be NO SHARES NOT DELIVERED.
You see folks, THERE IS A SILVER BULLET, and in this case it can save the taxpayer ~ $500 Billion!!!!!!!!!!!!!
Wanna be PRESIDENT????????? Implement this for AMERICA........
IMHO