Bank Investors Beware, Shareholder Interests Are Secondary [View article]
I was a shareholder of WB, and now WFC. Government interfered in exactly the wrong way to entice future investment via common shares. They should have (past) and should (future) stick with the original TARP plan, and purchase the bad assets at some value, then hold them for future sale at a profit. You appear to believe MtoM is good. It is but is too strict when companies have to mark to CURRENT market value instead of future worth under a stabilized market. This method (future value) would allow low value for bad assets while allowing higher value for good assets. Only the holder of assets can properly value assets. Using a global rule for valuation punishes all investors. Further, eliminate naked shorts completely, and allow shorting ONLY with complete transparency to help eliminate the apparent equity market manipulation IMHO.
Bank Investors Beware, Shareholder Interests Are Secondary [View article]