GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Bernanke Signals U.S. Should Pay More for Bad Debt

ADL Colin · 09-23-2008, 01:12 PM

Seems like it would be a lot cheaper to change the accounting rules. I think it is rule 157 that is requiring everyone to mark everything to market. Well, there is no market. banks only became required to use rule 157 about last year or so. Why not permit the banks and other institutions to carry the financial products at maturity value with some penalty for defaults that everyone agrees upon?

09-23-2008, 01:12 PM
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	Seems like it would be a lot cheaper to change the accounting rules. I think it is rule 157 that is requiring everyone to mark everything to market. Well, there is no market. banks only became required to use rule 157 about last year or so. Why not permit the banks and other institutions to carry the financial products at maturity value with some penalty for defaults that everyone agrees upon? __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"