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Originally Posted by hi_im_god
i've seen a couple of posts on mark to market.
here's my question: if you believe the market is the best way to fairly value assets, what's the current free market argument against mark to market?
if odd accountancy rules are needed to make sure our larger financial institutions remain technically solvent aren't we just prolonging the pain by ignoring the fact they don't hold asset's to cover all the deposits?
i'm looking for some of the pure free market, no government interference folks to explain this to me.
and why can't obama solve this with a waive of his magic libtard wand? (<timm: i'm being ironic. don't agree with me.)
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i think a lot of people are looking for an easy, painless fix to a complex issue.