Mr.G

Gold Bulls: Beware

you are right - what happens when congress passes that check over to Paulson ? plain and simple the marked to market acounting reg is going to be manipulated big time - with no oversight all Paulson has to do is way over pay for the toxic debt setting market prices and making bankers solvent on paper - I was wondering why this regulation wasnt being taken off the books -I figured out why about ten minutes ago -bizarre how easily this can be done . The banks with the most credit derivatives get the biggest asset jump on their balance sheets- the US govt is the market and will set price - Talk about putting a market in a corner!!