Mark-to-Market Marches Towards Extinction [View article]
M2M should be required EXCEPT when a liquid market (no matter how irrational) is not available. The judgment of whether a market is liquid then becomes the issue -- for banks, I would leave that to bank regulators to determine. For non-regulated industries, leave to the asset holder and its auditors.
And in any case, all non-M2M assets should be clearly flagged on the balance sheet for all to assess.
The Market Is Improving, Cancel the Coffin [View article]
"GS could be out there making a killing if it weren’t for TARP restrictions." -- REALLY? What restrictions are holding them back from which particular opportunities?
It certainly can't be restrictions on executive pay bonuses.
Mark-to-Market Marches Towards Extinction [View article]
And in any case, all non-M2M assets should be clearly flagged on the balance sheet for all to assess.
The Market Is Improving, Cancel the Coffin [View article]
It certainly can't be restrictions on executive pay bonuses.
Lessons From the Banking Meltdown [View article]
Lessons From the Banking Meltdown [View article]
Finding Relative Value in Financial Services [View article]
STD?
Monday Options Outlook: AIG, GE, BAC, XLF, SKF, SDS, WAG [View article]