Bank of America: A Risky Bet That May Be Worth It - Barron's [View article]
Beik
M2M is mark to market.
Bank rules on mark to market accounting are not as severe as in some other business segments so not sure what good M2M rule change will do for BOA either.
iThinkBig- right about government debt problems not until 2011. Obama runs national debt, not to fight a war that the rest of the world secretly knows has to be fought or their own hides are in for trouble, but to provide health care and other social programs for citizens of the US. The world calls in their debt, we go bankrupt, our dollars are worth 0 and this little blip in the market looks like a walk in the park. I hope for our sakes I am wrong.
Bank of America: A Risky Bet That May Be Worth It - Barron's [View article]
M2M is mark to market.
Bank rules on mark to market accounting are not as severe as in some other business segments so not sure what good M2M rule change will do for BOA either.
Five Things That Could Resuscitate the Markets [View article]
U.S. Rejects Nationalization of Citi and BAC [View article]
Comparing This Past Week to the '87 Crash [View article]
Stop the Week, We Want to Get Off [View article]