3 ms·
I know, I'm making a tongue-in-cheek reference to the banking crisis in 2008 where for a time the banks didn't have to mark their assets to market, but were ins
by msandford 12y ago
I know, I'm making a tongue-in-cheek reference to the banking crisis in 2008 where for a time the banks didn't have to mark their assets to market, but were instead allowed to hold them at "other" valuations.
- maxerickson 12y agoYou could probably take my stolid inability to get the joke as some sort of commentary on the quality of the humor. (which sounds really hostile, I'm feeling lazy about phrasing it better, I don't mean it to be hostile, of course humor is subjective, blah, blah, blah)
- fennecfoxen 12y agoMark-to-market really is the best thing since sliced bread -- until you end up with a liquidity crisis and the only market left is fire-sale prices, in which case it just amplifies the crisis and (further?) undermines the entire notion of banks being risk-tolerant entities who are in business for the long haul instead of just chasing after the next quarter's results. Much like in 2008. This isn't a problem with an easy answer.