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Message
re: "Mark To Make Believe"
Posted on 3/4/09 at 9:17 pm to kfizzle85
Posted on 3/4/09 at 9:17 pm to kfizzle85
All I got from it is that the level 3 bullshite is just that - bullshite. I'm for getting rid of all of that crap. Mark EVERYTHING to market. If the bid is zero, then you're fricked. If I'm carrying a margin balance, I have to mark to market EVERY DAY. Scottrade doesn't care how thinly traded my stock is or what my assumptions about it are. If I exceed margin requirements, I have to put up capital or sell something. If banks had been held to those rules for the last 3 years, we wouldn't be where we are now.
ETA: and FWIW I will make a market in any CDO with a bid of $1. Consider this a published bid.
ETA: and FWIW I will make a market in any CDO with a bid of $1. Consider this a published bid.
This post was edited on 3/4/09 at 9:19 pm
1
Posted on 3/5/09 at 6:02 am to Colonel Hapablap
quote:How so? Banks were held to those rules the last three years.
If banks had been held to those rules for the last 3 years, we wouldn't be where we are now.
This post was edited on 3/5/09 at 6:10 am
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