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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (33969)3/11/2009 6:09:11 PM
From: TimF  Read Replies (1) | Respond to of 71588
 
What do you think of the idea that very large changes in value in an illiquid market should be written off over time.

You would get notice of the impaired value as quickly as you do today, but the need to establish additional reserves or to call in loans would happen over time.



To: DuckTapeSunroof who wrote (33969)3/12/2009 12:02:52 AM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
ROTFL "can anyone recall when the FASB has been timely? "

No! They mull a rule change for a year. The new international standards are even worse than FASB. The best thing that could happen if Mauldin's analysis is close is for the Treasury, Federal Reserve and SEC to gang up and issue a few rules post haste.

Unfortunately team Obama - Pelosi are working overtime on consolidating power and don't really happen what else happens.


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