However enticing a temporary suspension of "mark to market" rules might appear, I believe the inevitable loss of transparency will do far more damage in the longer term. What we are witnessing is a radical restructuring of the global financial economy.....and as always, the US , because it is the most dynamic, flexible and transparent economy in the world, is in the lead.......dont underestimate the power of this flexibility. It may be ugly, but re-structurings do not come without pain.
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However enticing a temporary suspension of "mark to market" rules might appear, I believe the inevitable loss of transparency will do far more damage in the longer term. What we are witnessing is a radical restructuring of the global financial economy.....and as always, the US , because it is the most dynamic, flexible and transparent economy in the world, is in the lead.......dont underestimate the power of this flexibility. It may be ugly, but re-structurings do not come without pain.
Sep 17 10:36 am
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All Comments by darkpool »The Real Risks of Deleveraging [View article]