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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Reaper who wrote (196772)4/18/2009 5:10:46 AM
From: Travis_BickleRespond to of 306849
 
Under that accounting rule GM must be wildly profitable given its debt has dropped 92%.



To: The Reaper who wrote (196772)5/6/2009 4:56:00 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
Yeah, that's the awesome thing about leaving mark-to-market up to the management. They can mark UP any asset that went up in value, mark DOWN any liability that went down in value, and conveniently carry the bad news at cost.

My stock portfolio looks GREAT if I only mark the winners to market...

BC


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