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Citigroup Inc. Message Board

  • rock12077 rock12077 Feb 20, 2009 9:12 AM Flag

    How can you nationalize without trying

    everything else first ??? they should start with what is free first ie... Suspend Mark to market accounting... This will no doubt help banks from taking writedowns all at once and allow the govt to buy these assets even at depressed levels off the books of these banks. Seems to me that if these assets were accounted for differently the stess the banks are facing would have been less dramatic, and the positions could have been dealt with over the long term instead of the ultra short term...

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