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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Valuepro who wrote (64051)	3/9/2009 4:44:24 PM
From: kayco	Read Replies (1) of 78418

Major financial/economic shift may being on Thursday. Najarian vs Frank who thinks we should have "mark to market". I would put my money on Frank. Najarian along with "Fast Money" should be forced to put on a warning when the show starts saying "This is strictly entertainment, ingestion may be dangerous to your health and pocket book" "Frank: Congress should not change mark to market rules By Ronald D. Orol Last update: 9:20 a.m. EST Feb. 11, 2009Comments: 20 WASHINGTON (MarketWatch) - A key lawmaker on Wednesday said he doesn't think Congress should get rid of mark to market rules, which requires daily revaluing of assets. The Securities and Exchagne Commission has been under pressure by some lawmakers and a number of ex-regulators to change or eliminate these rules, also known as fair-value regulations. "I do not think we want to do away with mark to market," said House Financial Services Committee Chairman Barney Frank, D-Mass., on CNBC. "Nobody thinks you should deal with accounting politically." But he added that Congress should be giving banks flexibility. Frank contends that in a scenario where an entity loses capital under accounting rules because they have had to mark down assets they planned to hold for a long time, "they shouldn't automatically be told to lend less." The House Financial Services Committee plans to hold a hearing on mark to market accounting in the coming weeks, Frank said. Print Disable Live Quotes Subscribe to RSS Yahoo! Buzz"

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