pgstocks

Securities and Exchange Commission and Mark to Market Changes

Fasb 157 is a well intentioned disaster. The general public thinks it sounds like a good idea, however what could they get for their house or car in the time span of a day or a few hours. Would they accept mortgages being called or car loans called due or would they cry foul as 3 months for a house to sell or a few weeks for a car selling would bring many times the value found in a few hours. Without liquid markets there is no point in marking things down to absurd values and destroy our economy. True values for assets is what we all want. We need to suspend and rework FASB 157 to be workable, reasonable and realistic.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

Clearly the big 3 are too big to fail for the sake of the economy. However, they are not to big to break up into little pieces that are not too big to fail. If this crisis teaches us one thing, "too big to fail" is too big. The Trusts (corporations) were busted up once before due to size. It just goes to show those who do not learn from history are doomed to repeat it.

The cheapest way to save the big 3 is to dent up foreign cars. The owners of foreign cars won't feel too good about owning them if they are shunned by other Americans and their cars abused in parking lots. A cheap easy fix.