Comments on: Breaking the Bank http://www.ritholtz.com/blog/2009/06/breaking-the-bank/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sun, 21 Mar 2010 04:24:25 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: TMP Makes ‘The Big Picture’ « The Millennial Project http://www.ritholtz.com/blog/2009/06/breaking-the-bank/comment-page-1/#comment-184400 TMP Makes ‘The Big Picture’ « The Millennial Project Thu, 18 Jun 2009 13:44:17 +0000 http://www.ritholtz.com/blog/?p=29317#comment-184400 [...] TMP Makes ‘The Big Picture’ Barry Ritholtz, author of upcoming ‘Bailout Nation’ and the blog, ‘The Big Picture’ posted a entry in response to Tuesday’s post.  The original post discussed the Frotnline piece on TARP.  Visit Barry’s post and blog here. [...] [...] TMP Makes ‘The Big Picture’ Barry Ritholtz, author of upcoming ‘Bailout Nation’ and the blog, ‘The Big Picture’ posted a entry in response to Tuesday’s post.  The original post discussed the Frotnline piece on TARP.  Visit Barry’s post and blog here. [...]

]]> By: JustOne http://www.ritholtz.com/blog/2009/06/breaking-the-bank/comment-page-1/#comment-184329 JustOne Thu, 18 Jun 2009 05:05:45 +0000 http://www.ritholtz.com/blog/?p=29317#comment-184329 I guess it is JustOne point of view, but if PBS really wanted to explain what was going on, how could they do so without a single mention of the role of "Mark To Market" accounting. Would any of the "crisis" have occured if a simple adjustment had been made (the one now in place) in the way bonds with limited markets are treated in the accounting system for bank capital? So much drama, so much discussion of "toxic" assets, so much focus on personalities ... not one mention of the MTM issue that forced banks to write down assets that were (and continue) paying essentially as much interest as mortgages have always paid. Am I missing something? I guess it is JustOne point of view, but if PBS really wanted to explain what was going on, how could they do so without a single mention of the role of “Mark To Market” accounting. Would any of the “crisis” have occured if a simple adjustment had been made (the one now in place) in the way bonds with limited markets are treated in the accounting system for bank capital?

So much drama, so much discussion of “toxic” assets, so much focus on personalities … not one mention of the MTM issue that forced banks to write down assets that were (and continue) paying essentially as much interest as mortgages have always paid. Am I missing something?

]]> By: FromLori http://www.ritholtz.com/blog/2009/06/breaking-the-bank/comment-page-1/#comment-184323 FromLori Thu, 18 Jun 2009 04:09:23 +0000 http://www.ritholtz.com/blog/?p=29317#comment-184323 The Fed is Dead thats what this expert said http://bluelori.blogspot.com/2009/06/fed-is-dead.html and I sure hope Ron Paul's bill to Audit those crooks gets pushed through but I doubt it having paid off obama as a junior senator why do you think citi fraud was the largest contributor to the obamageddon's inaugeration. The Fed is Dead thats what this expert said http://bluelori.blogspot.com/2009/06/fed-is-dead.html
and I sure hope Ron Paul’s bill to Audit those crooks gets pushed through but I doubt it having paid off obama as a junior senator why do you think citi fraud was the largest contributor to the obamageddon’s inaugeration.

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