If nothing works … just change the rules …
We hear about a news report that a House panel next week plans a hearing on mark-to-market accounting rules blamed by many for aggravating the financial sector’s troubles.
Reuters on Wednesday quoted a source briefed on the matter who said the subcommittee on capital markets has tentatively slated for next Thursday a hearing on the rules that require assets be valued at current market prices.
hmmm … so at least I WON’T BUY NOTHING of these black (hole) boxes.
Every day it becomes clearer … NOBODY can stop this …
So let’s pray: Lord … give me another day of open markets and the chance to shift a bid of the manipulator’s money into my pocket 
Tags: manipulation, mark-to-market
März 5th, 2009 at 18:28
“rules that require assets be valued at current market prices” …of course, why not booking them at former (higher) prices… hahaha