Derwentwater

Housing Market Tracker - It's About Affordability, Stupid.

How about an update on Rule 157 where the banks and brokers were supposed to mark to market rather than mark to model? It appears that has been shelved so they can continue to avoid facing the music on Level II and Level III crap on their books. What a mess! Oh, and my banker neighbor just bought a third home with his bonus money I'm sure...a winter golf palace to go along with the mountain lodge and family home. God Bless America!