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It's called tax. They will just rename the contribution as tax and means test at the other end.....like most pensions in other countries.

History never repeats. Look at this cartoon from the the 1930's and look at the similarity with today.

That frigging asshole Friedman should be frigging fined for a blatant conflict of interest. My company has zero tolerance for this type of BS. Code of conduct violation is immediate dismissal no f'ing resignation BS. YOU ARE SACKED...FIRED!!! New York Federal Reserve’s Friedman...

OK so under new FASB rules should the bank mark-to-market the value of this property (land value $50k) or should we mark-to-best-estimate i.e. $250k

I agree the emperor has no clothes.

So how do we play this?

They called them brown shirts in the NAZI party.

Chrysler should be renamed USSA Motors Ltd. New models will be called LADA's.

and the bank is called the FED. :p

Look here. Industrial, commercial and residential demand for electricity and nat gas direct use is dropping like a rock. Trust me I look at this daily. Friggin nat gas in storage is already at the top end of the 5 year average range. Global LNG demand has dropped with the Japs getting their...

$2/mmBtu gas is going to impact electric power industry. Expect coal units to be out of the money. Rail is the next shoe to drop also.

Jobs forecast to be lost 10 million less actual 7million jobs lost =3 million

Why are they (AIG) paying outmargin calls if they can now use mark to model and mark to make believe. :)

Yip...just like blackjack.

It's obvious now the only lender to the US is the FED itself.........annual budget deficit will be near $2T........there are just not going to be enough foreigners to lend us this amount. Dollar is going to have to drop hard to rebalance the true worth of the US$.

Note the trend. I would bet that February and March will be revised downwards below -700,000 http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0000000001&output_view=net_1mth

You're confusing normal "Banks" that gather deposits and lend out to individuals and businesses. No rocket science degree required provided you following prudent lending standards e.g. the borrower has a verified job,income and equity. Then you have the "investment bankers and hedge fund...

Just imagine if they had originally come out with -741,000 for January. Better to come in low and revise upwards a few months later.

Banks=Enron

Looking at what these homes previously sold for and what there current "mark-to-market" sales price is I'd say that they look like about 20 cents on the dollar. If banks have only 80% loan to value on these homes they are near enough to wiped out. No wonder they want to get rid of mark to...