The Realist

Mark to Market Myths

This makes no sense to me. None of these assets are marked to market right now anyway. They are all in the Level 3 asset class and valued at what the banks want them to be.

What a joke of an argument. If the banks actually marked all these things to market the banks would all have declared bankruptcy already.

How hard is it to understand that every single bank is currently insolvent? There is absolutely no transparency right now because it would destroy the market. Isn't it obvious enough that this is the case when the government does everything in its ability to help these banks lie, cheat and steal so that we don't know what is really there.

You think this would make the slightest difference anyway. Banks are not lending to each other because they don't trust the assets on the other banks' books. What makes you think that making up values for garbage securities is going to give them more confidence. Just the opposite. Each bank will know how much BS their books are and they will distrust the other banks' books even more.