To: Realism
Could be higher than that, but then no one will buy it at that price either. Supply and demand determines value, not the government!
16 posted on
04/02/2009 11:36:39 AM PDT by
org.whodat
(Auto unions bad: Machinists union good=Hypocrisy)
To: org.whodat
“Supply and demand determines value, not the government!”
Oh no, no, no, the stock market determines the value these days. Nothing real about it.
21 posted on
04/02/2009 12:02:52 PM PDT by
Realism
(Some believe that the facts-of-life are open to debate.....)
To: org.whodat
Supply and demand determines value, not the government!
The government isn't setting the values for these securities. Congress did put pressure on the accounting board to allow alternatives to strict mark-to-market valuation for securities, but the government isn't setting the values (yet).
27 posted on
04/02/2009 3:45:08 PM PDT by
javachip
(TARP - proof there is no situation so bad that government can't make it worse.)
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