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The toxic asset plan is almost here?! Hooray!! The banks are saved!! Wait...... why are ABX indices plummetting to new lows?? you figure it out.:D

Someone? Try EVERYONE lol:cool:

Q Thank you, Robert. It's a serious question and it's an easier one. I don't know if you or the President saw the Jon Stewart piece last night with Cramer, but it was serious journalism. Does the White House believe that this is the obligation of journalists to call out lies, to warn the public...

the fix is in.

Selll the news rookie. Why do think the market is up 12%?

Now that banks will most likely be let off the hook from mark to market madness,it occured to me that if the government/banks/insurers are wrong and these assets they are holding truly are correctly valued and foreshadowing a worst case outcome for the economy. Then the...

Do You Believe The US Government Will save the Market from lower lows?

Well Well maybe they will: Spencer Bachus, the top Republican on the full Financial Services Committee, said FASB and the SEC have not taken meaningful action to address the negative effects of the accounting rule. "Such action is long overdue," Bachus said at the hearing. "If FASB and the...

And..........more new lows! 2007 AAA all the way down to 26. Going off a cliff. Down 50% since Sept 08. Surprising given all the talk about mark to market changes.:confused:

SEC: REGULATORS MAY MOVE ON MARK-TO-MARKET AND FAIR VALUE ACCOUNTING WITHIN WEEKS- FASB: Will have proposal within 3

WASHINGTON, March 11 (Reuters) - The Financial Accounting Standards Board has promised to issue new mark-to-market accounting guidance for banks struggling to price assets in an illiquid market, the head of the U.S. Securities and Exchange Commission said Wednesday. "FASB has committed to us...

time will tell. But the market is speaking volumes. Just look at the move in insurers since he announced his plan.

The market thinks his plan for the banks sucks. Isn't it obvious?

Bernanke, however, did say that he would like to see more done to provide guidance to banks and financial firms on how they can give indications of value for assets being traded under fire-sale market conditions

Mark-To-Market Catalyst? One source of good news for investors over the following week is the upcoming hearing on a bill sponsored by Rep. Ed Perlmutter (D., Colo.) and Rep. Frank Lucas (R., Okla.) that seeks to create the Federal Accounting Oversight Board, a new government body that would...

Will Geithner Be Gone By June? http://www.businessinsider.com/will-geithner-be-gone-by-june-2009-3

It's gonna take something massive/controversial to break the downgrade death spiral. The US government needs to realize that IT is in control and can make/change any rules it wants to preserve "the system". no sign of that yet though.

you have to find a market.;) And currently bid/asks are wide enough to drive a convoy or trucks through.

I don't see anything immediately happening. The power rests with the SEC. But who knows desperate times call for desperate measures. Personally I'm sitting on the sidelines until the smoke clears from the meeting . I don't want to get crushed holding shorts in some massive spike on a rumor...

Lawmakers Propose Panel That Could Suspend Fair-Value By Ian Katz March 6 (Bloomberg) -- Two U.S. lawmakers want to create a regulatory panel that would be able to suspend accounting rules such as the fair-value standard that financial companies have blamed for worsening the global...