Well done here. Check it out and see the bolded red on “mark to market” info within.
Ted's Take
Well done here. Check it out and see the bolded red on “mark to market” info within.
that’s a depressing article…. but the first one that puts the bailout into common language – thanks ted. The article also confirms my common sense notion – getting the government involved is NEVER an improvement regardless of the industry. On a side note , 4-0 in preseason! Doesn’t mean anything, but it is getting me juiced for a season I was already pumped up about last season!!!
Since when did Henry Blodget become your go to advisor on all things financial?
Mark-to-Market accounting makes no sense for liablilities of financial companies. It exaggerated the upside and is exaggerating the downside.
Thanks for the link, Ted, otherwise I wouldn’t have read seen the summary. It’s (what’s the word – not ironic…hmmm) interesting to see Henry Blodget as the author.