Thursday, March 12, 2009

Here's the reason for the past couple of positive days on Wall Street: a plan to potentially suspend mark-to-market accounting

Finally, here's a good idea that will help the banks. The simple hint of a possible change has buoyed the markets.
Will the man 60 Minutes labeled "the smartest man in Congress," Barney Frank, allow a change? He has publicly said he doesn't want to touch it (which makes me like the idea even more).
Let's see if President Obama is willing to let our banking woes get better. He may not be done making sure he doesn't waste this crisis -- you never know when another one may come along.

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