Jlivermoor

How Bernanke Stunned Congress with the Truth

His authoritative tone hides the arrogance of shallow analysis. The asertion of insolvency does not explain that mortgages worth 95 cents on the dollar are being forced to be reported at "mark to market" vulture prices of 50 cents on the dollar, and that Sarbane Oxley regulations have exacerbated what is admittedly critical stress, but that our "insolvency" is partially self imposed fabrication of ill conceived accounting regulation.