SEC on Marking to Market: Another Problem Solved (pfblogs.org)
A major market problem relates to how financial institutions must recognize the value of securities that are not trading in a liquid market. The financial assets include complicated securities including various tranches of mortgage debt. Everyone agrees that these are… …
Five Ways of Looking at a Meltdown
Five Ways of Looking at a Meltdown If you re like me, you recognize that the economic meltdown is mighty scary more so than most people realize and that it s been long-suppressed by most economists, pundits, and pols. Even for those of us of the progressive persuasion who have known for quite a while that the economy is in dire need of regulation, it isn t that clear what measures we need to get behind. To help us bring a little order to the chaos and hopefully to bring some pressure to bear