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Welcome to Salvation (aka Mark to Myth)

Have said this on a couple of other articles regarding MTM. Some say it caused the problem, others disagree. Have read quite a few opinions and this is my take: MTM is being used as a scapegoat to cover up years of reckless spending by government, Congress and many of "us folks". Years of deficit spending, causing inflation and thus the devaluation of our dollar. Years of an ever growing and interfering government into the lives of individuals and businesses. A very poor educational program "dumbing down" our people. Passage of rules and regulations and laws making it almost impossible for anyone to provide a service or product necessary for a healthy and vibrant economy. A government obsessed with power and control over its citizens. Politicians more interested in re-election and less interested in what is good for America. Politicians who know little about balance sheets and income and expense statements. Politicians who think money grows on trees and not off the sweat and toil of its voters who it taxes with little restraint. In summary, a government run amok, a people who have been brainwashed rather than educated and incompetent politicians not qualified to run our Nation. MTM is a scapegoat. And fiddling with this accounting rule is not going to correct years and years of derelict behavior.

New Mark-to-Market Rules: Playing Pretend

Some say it caused the problem, others disagree. Have read many opinions and my answer is: MTM is being used as a scapegoat to cover up years of reckless spending by government, Congress and many of "us folks". Years of deficit spending, causing inflation and thus devaluation of our dollar. Years of ever growing and interfering government into the lives of individuals and businesses. A very poor educational program "dumbing down" our people. Passage of rules and regulations and laws making it almost impossible for anyone to provide a service or product necessary for a healthy and vibrant economy. A government obsessed with power and control over its citizens. Politicians more interested in re-election and less interested in what is good for America. Politicians who know little about balance sheets and income statements. Politicians who think money grows on trees and not off the sweat and toil of its voters who it taxes with little restraint. In summary, a government run amok, a people who have been brainwashed rather than educated and incompetent politicians not qualified to run our Nation. MTM is a scapegoat. And fiddling with this accounting rule is not going to correct years and years of derelict behavior.

How Much Downside Could Still Exist?

Read an article that quoted Peter Schiff as saying the Dow could go as low as 850. In time, we will have the answer..

When Business Is Funded by Government

It is interesting that many blame the banks, the wall street's and anyone else that suits their fancy. But never, never the government. And it is the government (mainly Congress) that put us in this mess. After almost 70 or more years of reckless and uninhibited spending, creating a huge national debt, causing inflation and thus the devaluation of our dollar, and setting a standard of fiscal responsibility so low that it should not surprise anyone that others might take the same approach just to protect themselves from the thiefs in government.