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

To: DebtBomb who wrote (215828)	8/15/2009 8:57:07 AM
From: Bank Holding Company	Respond to of 306849

> no one will buy their toxic crap << Yes and it will just go away. It never really existed.

To: DebtBomb who wrote (215828)	8/15/2009 9:51:08 AM
From: Bank Holding Company	Read Replies (1) \| Respond to of 306849

Dude this is all a game to cram down the toxic assets and make them go away. No one knows what is on the banks balance sheet and thats how it will stay. One day you will wake up and they will be gone.

To: DebtBomb who wrote (215828)	8/15/2009 12:45:19 PM
From: Giordano Bruno	Respond to of 306849

Bankers melody youtube.com Aug. 14 (Bloomberg) -- Investors should beware the Financial Accounting Standards Board’s decision yesterday to consider expanding fair-value rules, said Brian Wesbury, chief economist at First Trust Advisors LP in Wheaton, Illinois. “Like a horror flick monster that just won’t stay dead, FASB’s accountants are proposing to expand the application of mark-to-market accounting rules across the board to include all financial assets, including regular loans,” Wesbury said. The CHART OF THE DAY, fashioned from one Wesbury is presenting to investors, tracks the performance of the Standard & Poor’s 500 Index since the Securities and Exchange Commission and FASB clarified the meaning of the rules in September 2008. “Twice the market was teased with a sense of potential changes for mark-to-market accounting. Twice those hopes were dashed and twice the market fell to new lows,” Wesbury said. The biggest reason that stocks have rallied since March, Wesbury said, is that the House Financial Services Committee forced FASB to loosen its mark-to-market rules. Other reasons for the rally are the easiest monetary policy in the Federal Reserve Board’s 96-year history and the end of panic selling, he said.