On Oct 2, 2008, at 8:03 PM, Chris Gehlker wrote: > On Oct 2, 2008, at 10:15 AM, Charles Bennett wrote: >> >> It's the mark to market rule, that forces banks to value their >> assets at *today* value regardless of the time frame that they >> intend to hold the investment.
I've been traveling, so I haven't kept up with the latest back and forth and I'm not arguing a particular point. But I'm wondering about the basic issue here. The rule as you describe it above sounds entirely reasonable. I own some Apple stock that I intend to keep for a long time. But its value is about $100/share. That's what the market has priced it at. How long I intend to hang onto it doesn't matter. How is this different? -Patrick _______________________________________________ OSX-Nutters mailing list | [email protected] http://lists.tit-wank.com/mailman/listinfo/osx-nutters List hosted at http://cat5.org/
