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American International Group, Inc. Message Board

  • bluesky_there_to_here bluesky_there_to_here Mar 20, 2009 12:27 PM Flag

    Lot of loading for the long haul here. M2M change is coming fast.

    Anyone watch the House Financial Services Committee Hearing on mark to market accounting March 12, 2009? The chairman was chiding the current management of the SEC and FDIC with a statement that said, paraphrasing, you better modify this mark to market to our liking by April 1, 2009 or WE WILL LEGISLATE THE CHANGE OURSELVES. How do you like those apples? Can't wait for the effect on the market. Better get on the stick. The SEC was not correct about leaving the rule the same way back last fall/winter. They will be paying the price for it. Legislation if no change in the next week or so. Better cover while you can at these levels. Kanjorski will not let it drop. He and the committee was glued to and fascinated with Bill Isaac's testimony. Watch it and learn.


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