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by DEOP

Last Post 19 hours Ago


Their solution - let companies inflate their worth.
Sep 30, 2008 | 9:24 AM
Category: News
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According to today’s paper:

“Hoping to pick up enough GOP votes for the next try, Republicans floated several ideas.”

One of them “would end rules that require companies to devalue assets on their books to reflect the price their could get in the market.”

Read that again! And then read it again!

Some imbeciles think that companies being allowed to OVER VALUE their worth would help solve our problems.

Who will letting companies camouflage the true value of their assets help? Big business, that’s who!

But how about the individual taxpayers? These politicians don’t care if people are investing for their retirement in stocks that are actually worth much less than the companies balance sheet shows.

Imagine the bubble that would eventually burst if this stupidity is allowed to happen!

Yes, this is one of the solutions offered by some of the people running our government. Does the mess we are in really surprise you?

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Abunai read my blog view my photos
Sep 30, 2008 | 11:01 AM

Marked to Market rules were a ridiculous issue before. When markets are going up, the lenders didn't really care so much, as it inflated their figures, resulting in meeting higher volumes that brought bigger rewards and payouts. Problem comes when the market goes down, and now you have to re-qualify that value.

Suspend this.. create a transparency for those who don't and tie it to a suspension of capital gains, and the market will start to heal itself INSTEAD of leaving the same practices in place that got us here, leaving teh same people in place (CEOs AND Govt. Leaders) that turned FANNIE/FREDDIE into a giant hedge fund!

The "bubble" shouldn't be there in the first place!! Thats the whole point! Leaders and Financial hybrids try to force a "Gold Rush" nation wide, and it finally caught up to them!

The Treasury Sec. (a Charles Schumer man who is only a Bush guy on the surface) needs to resign, and let the Deputy take the wheel. America wants ACCOUNTABILITY, BOTH sides are asking for it!

DEOP.. I know this is a blog site reference, but a pretty good definition of Marked to Market...
http://blogmaverick.com/2008/09/24/the-bailout-alternat
ive-virtual-mark-to-market/
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DEOP

How sad it is when people hide behind the delete button. If someone is rude, obnoxious, or obscene, why not let the world see this? The truth is the delete button is used by some when they disagree or want to hide the facts that shoot down their beliefs. But worse is the chickens that don't allow any comments on their threads.

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