I wonder how much Paulson is going to get under the table for buying all of GS bad loans, if the bailout passes.
Kill or suspend the ‘mark to market’ rule. The president could do that in an executive order for National Security. That would immediately provide all the liquidity needed and solve this mess. No bailout needed.
You got that right.......he's on his knees as we type.
The president could kill or suspend the ‘mark to market’ rule in an executive order for National Security.
That's the galling thing here---there are many other options not being considered. BTW, I have heard that ‘mark to market’ rule batted around.