Thursday, February 5, 2009

CNBC Reporting that Mark to Market Accounting May be Suspended…

THAT would mean that the criminals really are totally and completely in charge – which I believe they are, pulling the teeth off the compensation limits proves it.

Our accounting systems are already Enron-esk, if implemented, the suspension of mark to market will ensure that we take the long road to recovery instead of the short road.

By the way, this type of rumor crap on CNBS has to stop too. Our markets have been allowed to be turned into a giant free-for-all kids game. No adults visible still.

Don’t think there are limits to the stupidity and games? How about what the bond market is doing? Here’s its latest reaction… can you say, “unintended consequences?” Yes, I thought you could!

Kids & Clowns...