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the market is down on the news. Nuf said.

Former FDIC Favors Head Suspension of Mark to Market http://www.cnbc.com/id/15840232?video=883410796&play=1

Analyst slashes AbitibiBowater price target Wednesday October 8, 12:53 pm ET Analyst slashes price target on AbitibiBowater, reflecting its 'distressed liquidation value' NEW YORK (AP) -- Shares of AbitibiBowater Inc. fell Wednesday after a Wall Street analyst slashed her price target...

things to buy on suspension of mtm: Banks C BAC Brokers MS Bond Insurers MBI ABK XLF

lots of calls for suspension of mtm this am on cnbc.

XLE broke 2007 low - oil $37 above 2007 low what's wrong with this picture? oops wrong forum. Pls move to stocks.

#1 weighting in XLF. It won't be pretty in am for XLF.

try try again Cramer lol Oh wait now there is no bottom Cramer? So does that mean buy? Well it did in 1998! lol:)

Relax Basel II's Bank Capital Adequacy Requirements posted on: October 05, 2008 Font Size: Print Email Like an old drunk denied his whiskey, the global economy denied easy credit will soon be suffering, shaking and crying for a hair of the dog. Better give it a little...

Seeing some upside movement now all the way down to BBB's. One can only assume we have seen the lows until Paulson runs out of cash.:D

It's actually already been altered by new "guidance". Which is why financials rallied most of the week I suspect.http://www.sec.gov/news/press/2008/2008-234.htm It looks like the europeans will also follow with their own "guidance" of the rules...

The problem would not be anywhere near as large. And there would not be a counterparty risk problem as we have today. We are at the opposite end of the risk spectrum now with no one willing to buy MBS's at ANY price(even 5 cents on the dollar!) 2 years ago they could sell the stuff...

"Accounting Rules The leaders said they'd push to change accounting rules that require banks to review their holdings each quarter and report losses when the values decline, the so-called mark-to- market standard. Banks worldwide have written down $587.7 billion since last year, according to...

Sarkozy Says EU Will Support Banks, Seek Hedge Fund Regulations By Francois de Beaupuy Oct. 4 (Bloomberg) -- Leaders of the European Union's four largest economies agreed to support their own nation's banks ``when faced with a crisis,'' while coordinating with their counterparts, seeking...

Non Exchange traded derivatives are the problem. NOT exchange traded derivatives. There is no counterparty risk with exchange traded derivatives.

"Tomorrow French president Nicholas Sarkozy will propose suspending the use of mark to market in Europe at a summit of European leaders. The US rescue plan going through the House of Representatives also includes a provision reaffirming the right of Securities and Exchange Commission to dump...

SEC Chairman, Big Four Accounting Executives Meet Friday By Judith Burns, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- Securities and Exchange Commission Chairman Christopher Cox is meeting with executives from Big Four accounting firms Friday. The meeting was scheduled weeks...

Will the SEC Suspend Mark-To-Market? If so when?

It's all about the change to mark to market rule. Good news for bond insurers according to Eric Dinallo. If you watch ABX indices you'll see AAA's are bouncing. Most of what ABK holds are AAA securities. The government bailout pkg will obviously also make a huge difference to ABK's marks...

MBIA sues Countrywide Financial By Saskia Scholtes in New York Published: October 1 2008 23:55 | Last updated: October 1 2008 23:55 MBIA Insurance is suing Countrywide Financial, alleging that the mortgage lender fraudulently induced MBIA to guarantee billions of dollars of...