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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: tonto who wrote (138327)	9/23/2008 7:46:15 PM
From: Lizzie Tudor	1 Recommendation Respond to of 173976

that mark to market excercise was really painful and took a bunch of the froth out of these assets already. What I don't understand is Bernanke wanting maturity value on these, is that the mark to market maturity (not sure if that means anything actually) or the old, overvalued maturity. I don't want to pay anywhere near the old, overvalued maturity. This is making my head spin. I think on friday the street thought this would be an RTC situation where the US taxpayer gets a ton of stuff on the cheap and makes money. But the reality with these derivatives is much more complex. The taxpayer could be hammered here- although AIG and Fannie/Freddie so far, seem like a good deal for the taxpayer.