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Spike in the ES April 1 after hours
- Thread starter ksonsinc
- Start date
FASB suspend Mark-to-Market for Banks & Homeowners
FASB will suspend Mark-to-Market for banks tommorrow. Banks can use Mark-to-Model valuation instead.
The idea was so grand that it spillover to homeowners. Any homeowners who are upside down on their mortgage (ie, their homes are worth less their outstanding mortgage) can now instruct their real estate appraisers to use Mark-to-Model instead of market value.
The global credit crisis is now over. Homeowners can use the increase in their home value to get additional home equity loans.
FASB will suspend Mark-to-Market for banks tommorrow. Banks can use Mark-to-Model valuation instead.
The idea was so grand that it spillover to homeowners. Any homeowners who are upside down on their mortgage (ie, their homes are worth less their outstanding mortgage) can now instruct their real estate appraisers to use Mark-to-Model instead of market value.
The global credit crisis is now over. Homeowners can use the increase in their home value to get additional home equity loans.
Dow is selling Morton salt for a few billion.. That was the deal.
Quote from WinSum:
FASB suspend Mark-to-Market for Banks & Homeowners
FASB will suspend Mark-to-Market for banks tommorrow. Banks can use Mark-to-Model valuation instead.
The idea was so grand that it spillover to homeowners. Any homeowners who are upside down on their mortgage (ie, their homes are worth less their outstanding mortgage) can now instruct their real estate appraisers to use Mark-to-Model instead of market value.
The global credit crisis is now over. Homeowners can use the increase in their home value to get additional home equity loans.
....and the great American Ponzi scheme continues. Gotta love balance sheet opacity.