Comments on: Currencies Follow Stocks to Higher Ground http://dailyreckoning.com/currencies-follow-stocks-to-higher-ground/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 03:39:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: jay http://dailyreckoning.com/currencies-follow-stocks-to-higher-ground/#comment-1190 jay Wed, 25 Feb 2009 19:48:27 +0000 http://dailyreckoning.com/?p=11853#comment-1190 The <a href="http://www.stockresearchportalblog.com/2009/02/us-gov%e2%80%99t-bank-investment-conversionsmark-to-market" rel="nofollow">Stock Research Portal Blog </a> says that rumors the U.S. government is planning to both convert government shares in banks to ordinary shares and modify the mark-to-market accounting rule are troubling. SRPB says that such a decision would be a "sleight of hand." And it predicts that if this goes ahead, "The U.S. government likely will end up overpaying for those common [bank] shares if it simultaneously pushes for and gets revisions to the … 'mark-to-market' rules." The Stock Research Portal Blog says that rumors the U.S. government is planning to both convert government shares in banks to ordinary shares and modify the mark-to-market accounting rule are troubling. SRPB says that such a decision would be a “sleight of hand.” And it predicts that if this goes ahead, “The U.S. government likely will end up overpaying for those common [bank] shares if it simultaneously pushes for and gets revisions to the … ‘mark-to-market’ rules.”

]]> By: Edward Nowak http://dailyreckoning.com/currencies-follow-stocks-to-higher-ground/#comment-1188 Edward Nowak Wed, 25 Feb 2009 19:44:25 +0000 http://dailyreckoning.com/?p=11853#comment-1188 Aren't the suspension of the mark-to-market, and other "off-balance sheet" stuff the antithesis of "I want a doctor to take her picture so I could look at her from inside as well..."? Come to think of it, the credit ratings agencies should have used that as a motto. Good to hear Mr. Volcker as one of the far-too-lonely voices calling them out. Aren’t the suspension of the mark-to-market, and other “off-balance sheet” stuff the antithesis of

“I want a doctor to take her picture so I could look at her from inside as well…”?

Come to think of it, the credit ratings agencies should have used that as a motto. Good to hear Mr. Volcker as one of the far-too-lonely voices calling them out.

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