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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (81600)	10/9/2008 9:16:05 AM
From: oldirtybastard	1 Recommendation Respond to of 94695

"mark to market" elimination is one of the most ridiculous ideas i've heard yet - it's just putting lipstick on a pig, how much time is that gonna buy you? it's almost as stupid as banning short selling and letting congress make fiscal decisions.

To: TFF who wrote (81600)	10/9/2008 9:23:12 AM
From: Paul Kern	Respond to of 94695

They need to dump "mark to market" on MBS, CDO's. Then things will really freeze up. Would you invest in or loan money to a bank or company if you couldn't trust the balance sheet? We need a rule 157 for swaps. Would you invest in or loan money to a bank or company if you thought that they had a big, unknown swap exposure like AIG? Sunlight and transparency would help unfreeze the credit markets. It's the unknown unknowns ....

To: TFF who wrote (81600)	10/9/2008 10:21:53 AM
From: sandeep	Read Replies (1) \| Respond to of 94695

Relaxing mark to market is a stupid idea - of course, EU countries will try to do it. They don't understand transparency...

To: TFF who wrote (81600)	10/9/2008 4:58:57 PM
From: TFF	Respond to of 94695

Another day, another lame announcement from Paulson/Bush. Only one solution to systemic failure. Change the rules and dump mark to market.

To: TFF who wrote (81600)	10/10/2008 2:12:38 PM
From: TFF	Respond to of 94695

The Financial Accounting Standards Board will likely issue final guidance on fair value accounting by Monday. The board is working today and perhaps over the weekend to tweak some of the language to clarify how assets in illiquid markets are valued. cfo.com