old short Bob

Why Mark to Market?

Why is it that the SEC is appearing on the top of everyone's shI** list?

Why Mark to Market?

The assets had to be evaluated quarterly and an allowance provided if the value decreased. the allowance was the problem if it had to be barrowed in a tight market and this was what drove them out of business. The government is willing to take these assets and keep them without M2M indefently. Well let them stay with the banks on the same basis and the problem is over. There will be writedowns as they become worthless for the banks and not us taxpayers.

It's Time for the Govt. to Spell Out the Risks of Not Rescuing Financial Markets

It's not a matter of whether this plan fails or not, it's a matter of finding a better way of doing the same thing without the risk. Leave all the instruments with the banks. let them have 5 years to dispose of them without having to write them down each quarter and looking for capital.
If they need support, give them a bridge loan. All less than $700 B

We've Crossed the Line from Capitalism to Socialism

Tokyo Bob, Are all the Japanese banks in line to get Paulson's bailout for all their CDos? and as long as the CDOs are toxic , he will include any Credit card loans, Auto loans, and student lons. You all get inline,