Hitherto, most bankers – and policy makers – have vehemently resisted that idea since they feared that public sales would produce painfully low prices.... But in a world where investors already feel utterly terrified by the inability to determine values – and the recovery rate on triple A assets has tumbled to just 5 per cent – conducting an open fire sale might now be the least bad of some terrible options. After all, if an open auction ends up pricing mortgage-linked CDOs near zero, at least the capital hit to the banks and insurance companies will be clear; and if it is higher than zero, it might even cheer investors up. Either way, until investors get some sense of what something might – or might not – be worth, it will be painfully hard to rebuild trust in capital markets and banks alike.WHAT!!!!
[ cf Gillian Tett Bears Bad News About CDOs (emphasis mine) ]
The GOD HATING OBAMANITES want to have mark to market infomation!!!!
What clearer sign can there be that they are Rounding Up White Women to sell into Slavery in Chinese Opium Dens.
They want to take our WHITE WOMEN AWAY simply because they want to have the market resolve the prices of assets!
Now more than ever we must stop the Obamanites from... uh, obliging what the free market should have done....
OR THEY WILL TAKE OUR WHITE WOMEN!!!!
Because they hate freedom!
Oh yes, and you should be really scared that there are XOMBIE ASSETS and they are going to come and
TAKE OUR WHITE WOMEN!!!!because XOMBIE ASSETS know the market value of a certified pre-owned white woman, and can get you a really good price on them...