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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (14817)1/28/2009 9:28:32 AM
From: The Reaper2 Recommendations  Read Replies (3) of 50431
 
They could accomplish the same f*****in' thing if they would just abandon FASB 157 and not force the banks to mark their crap to market. If they would suspend that rule until the economy recovers (whenever that may be) the banks wouldn't have to worry about raising more capital to maintain their reserve requirements and could start lending the money they've been having to hoard. Best thing is that it wouldn't cost us untold billions to accomplish the same thing.
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