Hi Everybody, http://article.nationalreview.com/427195/bernanke-finally-fingers-mark-to-market/brian-s-wesbury-robert-stein
"Late last month, during testimony before Congress, Federal Reserve chairman Ben Bernanke made the following eye-popping statement: “Commercial real-estate loans should not be marked down because the collateral value [the estimated value of the property on the market] has declined. It depends on the income from the property, not the collateral value.” "It would have been much better for the economy if Bernanke had been this clear about mark-to-market accounting back in 2008. If he had, the U.S. might have avoided the Panic of 2008." Idiot. He needs a shave, too. -- Regards, Pete http://pete-theisen.com/ http://elect-pete-theisen.com/ _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
