4

A Possible Bailout Alternative?

Posted by sadcox
September 23, 2008

It’s at least worth looking at.  I was listening to Dave Ramsey this afternoon, and he mentioned the possibility of suspending the mark-to-market rules for the subprime industry temporarily.  After all, there isn’t actually a 78% default rate on mortgages is there? In other words, mark-to-market accounting–not the reality of the economy or the actual [...]