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Thread: FAS 157 is stupid

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  1. #27
    Ultimate Member herosrest's Avatar
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    Supporters of the mark-to-market rules say they're necessary to provide accurate information to investors, and that any weakening of the rules allows banks to overvalue their assets.

    This is the basic and valuable principal defended with accounting rules changes such as FASB-157 in the past.

    'Mark to Market' actually devalues financial assets, Capital, and enables predatory speculation in share trading. This is because the roots of 'Market to market' are based in the banana trade that existed several thousand years ago at Atlantis.

    No honest or ordinary person will ever believe it is possible to 'profit' from falling prices and devaluation. We have much to learn about the people reaping reward from doing this very thing. It defies laws of mathematics, physics and common sense though obviously not Trading practice.
    Last edited by herosrest; 04-02-2009 at 07:08 PM.

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