I told you guys, they are timing this to take down the regional banks so Goldman and the Morgans can gobble them up.
LOL!!! The FASB, blah, blah, blah!!! The Bank of International Settlements is calling the shots and they have stated they want mark to market in place by December 2010. http://www.bis.org/publ/bcbs157.htm -gastropod
.............................................................................. Which means ....the truth comes a little later.... Along with the calamity.... Another year and a half of false accounting practices.... Who will stretch their time past these deadlines.... JAPAN/USA = 1
I could not agree more with ya! I may be wrong, but I believe the mark to market crap falls under "Pillar 1" in the link I provided. BIS wants "Pillar 1" implementation to begin "immediately" - I think that is why the FASB was forced into implementing this ASAP...there will be no getting out of it this time! -gastropod