[BGHater]

Nobody said to value it zero, just vale at ‘todays’ market, that is the ‘value’ of it.

Market value reveals the price of it.

[okie01]

Nobody said to value it zero, just vale at ‘todays’ market, that is the ‘value’ of it.

In "today's market", the value was zero! -- by the standards of Sarbanes-Oxley.

By "tomorrow's market" the value may be ten, twenty, thirty cents on the dollar. But Sarbanes-Oxley doesn't allow that evaluation.

Consequently, with many of their assets turned to short-term trash, and now in violation of their loan covenants, the firms had no choice but to go belly-up.