petyaczar

Mark to Make-Believe

Mark2MArket is nonsense, it should be called mark to model = mark to last distressed sale model.

M2M requires a willing owner (unwilling seller) with performing assets mark them down to a discounted value so lo that a disinterested potential buyer (unwilling buyer) would consider buying the asset.

what nonsense this mark to market is it helped create the great depression of th 1930's and that is why they got rid of m2m in the late 30's.,

10 Reasons Why We Still Haven't Hit Bottom

1)When the tide is going out, it lowers ALL boats that are still afloat.
2)Wait till the tide turns before betting on which boats will rise with the incoming tide.

To Artful Dodger, from another "old cat" who bought his first stock in the late 60's. just in time to gain enough investing experience - already had the hubris - to position myself for the fiasco of the mid 70's.

IMO we are not staring into the abyss of the Great Depression, No, IMO we are staring into the abyss of the GREATER DEPRESSION. and this will be the legacy of the Obamanation = good intentions, no experience, and lack of competence coupled with plenty of hubris.

The Bonus Tax: The Redistribution of Both Wealth And Talent

Look, lets call the confiscatory tax on those who make more than Congressmen what it is. REPARATIONS and be done with it.

Lets pass a law that makes ANY politician who fails to deliver on campaign promises, subject to a CLAWBACK, and said politician(s) would have to repay ALL salaries and benefits, and LOSE their office and ALL pensions, benefits, including healthcare AND the right to act as a political lobbyist for 20 years.

These politicians are the root cause of this problem. We must get rid of them replacing them with real Americans from the real world at the next opportunity.

IMO