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re: "Mark To Make Believe"
Posted on 3/5/09 at 7:48 pm to kfizzle85
Posted on 3/5/09 at 7:48 pm to kfizzle85
More on this topic: Minyanville: Misses the Mark
Minyan Peter wins this argument in a landslide, imo:
"At the end of the day, it's the realized cash flows on loans and securities that will ultimately determine which banks survive. The accounting treatment -- whether accrual or mark-to-market -- just determines when the problems become obvious to investors."
Minyan Peter wins this argument in a landslide, imo:
"At the end of the day, it's the realized cash flows on loans and securities that will ultimately determine which banks survive. The accounting treatment -- whether accrual or mark-to-market -- just determines when the problems become obvious to investors."
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