Mark to Market Meeting April 2

I'm curious as to what everyone's opinions are on this issue and in regards to the meeting on April 2 where the notion of relaxing Mark to Market will be voted on.

Anyone getting long financials ahead of this decision?

Here's an article:

http://www.cnbc.com/id/25709343

 

When it comes to mark to market the horse is already out of the barn. Mark to market caused a downward spiral. If it had been suspended a year ago, then the severity of the current crisis might have been lessened. Once the downward spiral has occurred, the suspension of mark to market will not repair the damage already done.

Any adjustment to mark to market will not bring much if any upside.

 

http://www.bloomberg.com/apps/news?pid=20601109&sid=awSxPMGzDW38&refer=home

 

Changing to a mark to model valuation won't change anything because investors will ask for the mark to market numbers similar to how companies have to state what the LIFO reserve is.