Comments on: Thoughts on the Bailout

By: Bailout Bust | Stanton Champion

Bailout Bust | Stanton Champion — Mon, 29 Sep 2008 19:50:58 +0000

[...] or a terrible thing. To be honest, nobody is sure. As I mentioned previously in my post about Thoughts on the Bailout, I hated this plan. It contained no new regulation, and there was nothing to prevent the Return [...]

By: Stanton

Stanton — Thu, 25 Sep 2008 20:41:05 +0000

I know FASB has their own view on this, but I just can’t see how you can mark-to-market assets that rarely trade. There’s no market! The idea that I can mark-to-market based on rigged government prices ought to give someone a FASB a headache.

By: Bret

Bret — Thu, 25 Sep 2008 14:41:59 +0000

Interesting perspective from a Bloomberg columnist on this......lose/lose, underpay and FASB decides it is a fair market then everyone has to M-t-M down and end up insolvent or overpay and FASB decides its not a fair market and I as a taxpayer get $700B of "swill".

By: Andie

Andie — Thu, 25 Sep 2008 01:00:31 +0000

One of my profs believes emphatically that the gov’t has to make $ on the deal long term and that the “bailout” terminology is misguided.