Willem Buiter with "The Fed' s moral hazard maximising strategy"
Simon Johnson with "We Cannot Afford To Wait To Recapitalise US Banks (Letter To The FT)"
Yves Smith with "Quelle Surprise! Who Gained From AIG Rescues? Goldman (and Deutsche) Tops the List (and Willem Buiter is REALLY Angry!)"
Paul Krugman with "What's the matter with Kansas?"
However, that all is really minor issue! The post at CNBC.com "UPDATE: Stocks Could Skyrocket After March 12th" contains the very very pervert message:
On that date, a House financial services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs.
Karen Finerman has long been an advocate of putting these rules on hiatus for a while and “letting the banks breathe.”
If that meeting results in the government relaxing mark-to-market rules, option Monster Jon Najarian thinks the stock market could explode.
Interestingly! How suddenly it creates more value? Less transparency via mark-to-bankers-myth means more value for shareholders? The credit markets should be partying!
Let' s see how rational markets may be!
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