I didn't think you were trying to be an arse. I found the article had some points I had not thought of before. If it was not meaningful to you, then my apologies. That's all. (ETA: "Sorry to waste your time, sir!" is a punchline quote from a Monty Python skit from years ago. I thought someone might recognize it and get a chuckle.)

I apologize if I came across as being 'feisty.' If you want to see feisty, please see my earlier reply to Mr. Wendy's Man. I wrote my response to you as I was about to leave for work so I only had time to write a short reply to you. (I'm 14 hours ahead of Baton Rouge time here in Manila. That's why it appears I am writing this reply to you just after 5 AM Thursday, BR time. It's just after 7 PM here now.)

I guess I'm the only one here who thinks that MtM doesn't work in the panic mode market we're in as it does in a traditional market environment. And that's fine. I don't expect to always be able to convince everyone of the error of their ways.

This post was edited on 3/5/09 at 5:29 am

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Posted by igoringa

South Mississippi

Member since Jun 2007

11876 posts

Posted on 3/5/09 at 7:01 am to LSURussian

quote:
I guess I'm the only one here who thinks that MtM doesn't work in the panic mode market we're in as it does in a traditional market environment. And that's fine. I don't expect to always be able to convince everyone of the error of their ways.

Interesting... let me ask you this... are you saying you have a problem with the current MTM rules or how they are being implemented. Again, under 157 and such, there is literature on disorderly (ie panic) markets that allows for other uses (ie income approach etc...)... is your argument such that that guidance is wrong, or that the practitioners are ignoring that.

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Posted by kfizzle85

Member since Dec 2005

22022 posts

Posted on 3/5/09 at 10:11 am to LSURussian

quote:
(ETA: "Sorry to waste your time, sir!" is a punchline quote from a Monty Python skit from years ago. I thought someone might recognize it and get a chuckle.)

I know the movies, but not well enough to recognize stuff outside of "what is your favorite color?"

quote:
I guess I'm the only one here who thinks that MtM doesn't work in the panic mode market we're in as it does in a traditional market environment. And that's fine. I don't expect to always be able to convince everyone of the error of their ways.

No, this is where I do agree with you (although my contention is still that it is an enforcement/auditor issue), I just found everything in the article to be stuff that was previously stated. Its a good quick summary of mtm and the issues surrounding it. Where we disagree is on the remedy (which is what I thought the article might have had, which is why I was disappointed).

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Posted by Edge

nola

Member since Aug 2004

349 posts

Posted on 3/5/09 at 11:49 am to LSURussian