an occasional reader

Nixing 'Mark to Market' Won't Solve the Problem

Repealing mark-to-market is appealing in its simplicity, but, it may not help. I can't imagine investors rushing back into financials that have taken huge write-downs just because those banks can now artificially inflate the value of their assets. If there is no market for exotic, toxic "assets", maybe they are indeed worth zero, and maybe the market value is correct after all...