John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (9083)	3/17/2008 9:04:48 AM
From: Hawkmoon	Read Replies (2) of 33421

Morning all!! Heard Steve Forbes recommending that "mark to market" be suspended for 12 months and mortgage losses be recognized when they actually occur, rather than trying to using a SWAG that generally results in a recommendation to declare the assets worthless and write them down 100%.. It goes back to my logic that even though the market for the MBS/CDO markets is non-existent, the real property collateralizing those securities still have intrinsic value (even in a decline of 50% in real estate).. Other opinions? Hawk

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