Suspending Mark To Market Accounting: The Tale Of Two Cows - John Carney - Let’s go to the cows.You have two cows.You write down on a piece of paper that the cows are worth $100 each.You notice the cows are on fire.Your paper still says $100.  …  more …BusinessInsider @ Clusterstock 
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Congress Members […]

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Inside the Sausage Factory: A Perspective on Policy Decisions from D.C. - by Diane Swonk, Chief Economist, Mesirow Financial
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end of MTM? -  Bernanke: We need improvements to fair value rules - Crisis has ‘revealed some shocking gaps’ in regulatory oversight, he added - By Ronald D. Orol - Federal Reserve Chairman Ben […]

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WORTH READING: shows accounting bs -  The End of the Credit Crisis - Alex Trias - seeking alpha
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Bernanke suggests mark-to-market revisions for illiquid assets - Federal Reserve Chairman Ben Bernanke says mark-to-market accounting rules are “a good principle in general” but that accounting-standards groups should figure out a better way to value assets that aren’t […]

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VIDEO:  In The Know: Are America’s Rich Falling Behind The Super-Rich? -   Panelists discuss a new study showing the gap between the wealthy and the absurdly wealthy is widening, and how we can help the merely rich catch up. - TheOnion.com - thanks John Cervarich
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A Simple Plan:  Market’s View of Stimulus - The market doesn’t […]

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Good Q&A: How the Obama plan will affect homeowners- The new programs are available to people who aren’t yet behind on their payments. - By Maura Reynolds - Los Angeles Times 
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1.  Vitaliy Katsenelson: The pain of mean reversion - Posted by Prieur du Plessis - Investment Postcards from Cape Town 
2.  21 Videos - great summary […]

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Housing Market May Be Stabilizing - Joseph Rosta - It could take a lot more government prodding and pushing, but there are signs that the housing market is nearly done collapsing and may now start treading recessionary waters. - US Banker
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1.  Barron’s on Mark-to-Market Accounting: Way Off Base  - The problem isn’t that banks own […]

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