On Sun, Apr 19, 2009 at 10:41 AM, Robert M wrote: > > Removing mark to market is an accounting trick, but it also acknowledges a > problem with the system. If, for instance, you plan on holding a set of > assets for ten years, and you value those assets for sale only at the end of > ten years, why should you be forced to mark those assets to market during a > period at which you have no intention of selling them? Makes sense to me, > but I'm not an accountant. >
Apropos of which: http://uk.reuters.com/article/businessNews/idUKTRE53I1GR20090419 The Obama administration thinks it can avoid nationalizing U.S. banks that are currently under scrutiny to see how well they would fare if the recession were worse than expected, the White House said on Sunday. "I think we will be able to avoid that," White House Chief of Staff Rahm Emanuel said on ABC's "This Week with George Stephanopoulos." He added that bank nationalization was "not the goal" of the administration. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295439 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
