Discussion in 'General Real Estate and Real Estate Finance' started by moh malekpour, Apr 24, 2009.
So now that there is reason to believe the accounting is suspect, and this goes past both GSE right into the heart of the financial system for the same reason, the public cannot trust or believe what the companies are reporting for financial performance.
I wonder how much force was used by the federal reserve and the Treasury to get Fannie to do what they are doing? Or was this an organic idea born within?
I thought I heard recently that they removed the requirement for mark to market valuations of assets, too.
If this is true, perhaps this is why some banks are showing stronger earnings?
You've got it - it's being called "mark to fantasy" now, though.
Mark to fantasy .
Much of ground level americans are quite willing to believe in mark to fantasy ......
.... it seems they will believe anything up to there next fill up at the gas station ......
.... its the majical wand belief that if enough people believe in something ... then it it is true and will transcend all known mathematical laws of the universe ....
... sort of the same kind of belief structure that allowed for the manufacturing of things called ..... default swaps ....
.... clown math ....
Some radio financial talk host are hinting that outside forces are pushing them to talk or promote the positive not the negative, but always end with "do your homework", "calculate your risk", "forced markets", "look out for the pitfalls" , etc. The big boys are really trying to force a steady market down our throats.
I get a laugh when the TV monkeys quote a stock "...better than expected...". Imaginge your spouse telling you that after sex. :Eyecrazy:
When you have Uncle Sam at your back...i bet you still make money.... Taxpayers are endless cash cows
Does it disturb anyone that appraisers are regulated by a Bankrupt corporation running on taxpayer dollars and loosing billions every month...anything wrong with this picture..
Kinda gives you that final Thelma and Louise feeling doesn't it ?
Great movie.I understand Thelma and Louise and have been looking into a purchase of a 1966 Thunderbird convertible and a trip to the grand canyon.. , what a ride..