[Fishtalk]

I heard Newt last night talking about that “mark to market” valuation for this real estate and didn’t know what it meant. I did understand Newt’s common sense suggestion to valuate this real estate on a three year rolling average.

Rush just explained that this mark to market thing is from Enron.

I did not know this, thank me Rush.

This had to make those balance sheets look...er, out of balance.

Hey folks, they call this bad governance. Kind of like our immigration policy.

We elected them then went on to do what we do, which is to carry this country on our backs whilst raising the citizens and soldiers of tomorrow. All the while they’re giving themselves interest free mortgages and making laws that a team of monkeys wouldn’t enact.

But am I bitter?

[longtermmemmory]

I see this as simply the fat cats (aka democrat donors from wall street) are calling in the chips of the SENATORS AND CONGRESSMENT THEY BOUGHT AND PAID FOR in order to cover the unsecured portion of their undercollateralized loans.

(those bundles of mortgages on over valued cookie cutter houses)