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Registered
Join Date: Mar 2006
Location: Austin, where else
Posts: 233
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If they don't mark to market, then they are carrying assets on their balance sheets at overstated values, thus propping up, institutions that may well be insolvent. If there is no market for the asset, then why would there be any value??????
I don't know what the answer is and I don't think anyone really has a solid answer other than a short term bandaid. Hate to be pessimistic, but it does not look good. Cash is king. Good luck to all.
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I feel the need, the need for speed.
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