Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (86996)	4/3/2009 6:47:08 PM
From: TFF	1 Recommendation Read Replies (3) of 94695

We could go higher next week. They are going after rating agencies next.The full court press continues. This was out after the close: Insurance Regulators May Reduce Use of Rating Firms Message 25545608 And they aren't done with M2M: "Recovering Writedowns Message 25545844 Now FASB has to deal with how banks deal with recoveries of previous writedowns due to other-than-temporary-impairment losses when there’s evidence that loss is no longer there. A March 27 letter sent jointly by the five federal regulators of financial institutions -- the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corp., the National Credit Union Association and the Office of Thrift Supervision -- urged FASB to add such a recovery to current earnings" Also, the uptick rule will be voted on tues.

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