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Mark to Market Caused the Subprime Crisis

Started by tfn · 1 year ago

“Once upon a time, asset valuation was easy, even for banks. Whatever you paid for it (the asset) was the value at which you carried it in the books.” — Martin Hutchinson

by Martin Hutchinson

Baltimore – (TFN): “When I use a word” said Humpty Dumpty in Lewis Carroll’s Through the Looking-Glass, “it [...] ... Continue reading »

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