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i am still wwondering why not use a external value for the assets.. you actually enver know how many credits will eb returned.. utnil the end...so you can decide not to price until the end.. if you account for those who already decided not to pay....

What's the problem with this scenario?.. is it taht the credit was sliced and reslcied and repackaged adn resold.. and noone knows who has credits with who?... It is certainly possible since financial economy, after all, it is not thermodynamics.

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Fri Nov 2nd, 2007 at 09:47:12 AM EST
As I understand it, auditors are demanding "mark to market" valuations for these assets in the annual accounts, not fiction or "wait and see".

When locusts move on, they leave nothing behind
by afew (afew(a in a circle)eurotrib_dot_com) on Fri Nov 2nd, 2007 at 10:12:35 AM EST
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