[evolusd]

Quote:

“The new FASB rules could help boost banks’ earnings by making it clear that institutions can account for mortgage-backed securities and other assets based on their internal estimates of cash flow and other factors, rather than relying on sales prices in largely inactive markets.”

This seems to address accounting for MBS – I’m inquiring about the loans that Banks hold directly in their portfolio. When a Borrower stops paying, the Bank has to address that change in some way on their balance sheet, typically through an increased reserve. They can’t PV the income stream because there isn’t one anymore, so you’d think they’d have to take into consideration their collateral value and reserve accordingly.

[evolusd]

I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.

Now that the out of control debt is in the forefront of the debate and the rating agencies are pressuring us to fix our books and balance the budget to start paying down debt, investors are realizing that the funny money is no longer going to fill the hole.

I think the second half is going to be ugly, along with 2012.

I’m all cash right now and feel comfortable that there won’t be rampant inflation anytime soon. We’ve still got lots of problems to work out.

[evolusd]

I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.

Now that the out of control debt is in the forefront of the debate and the rating agencies are pressuring us to fix our books and balance the budget to start paying down debt, investors are realizing that the funny money is no longer going to fill the hole.

I think the second half is going to be ugly, along with 2012.

I’m all cash right now and feel comfortable that there won’t be rampant inflation anytime soon. We’ve still got lots of problems to work out.

[evolusd]

I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.

Now that the out of control debt is in the forefront of the debate and the rating agencies are pressuring us to fix our books and balance the budget to start paying down debt, investors are realizing that the funny money is no longer going to fill the hole.

I think the second half is going to be ugly, along with 2012.

I’m all cash right now and feel comfortable that there won’t be rampant inflation anytime soon. We’ve still got lots of problems to work out.

[evolusd]

I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.

Now that the out of control debt is in the forefront of the debate and the rating agencies are pressuring us to fix our books and balance the budget to start paying down debt, investors are realizing that the funny money is no longer going to fill the hole.

I think the second half is going to be ugly, along with 2012.

I’m all cash right now and feel comfortable that there won’t be rampant inflation anytime soon. We’ve still got lots of problems to work out.

[evolusd]

I believe the only reason we had a ‘recovery’ over the last 28-24 months is due to massive government spending/stimulus funded by an amazing increase in our national debt.

Now that the out of control debt is in the forefront of the debate and the rating agencies are pressuring us to fix our books and balance the budget to start paying down debt, investors are realizing that the funny money is no longer going to fill the hole.

I think the second half is going to be ugly, along with 2012.

I’m all cash right now and feel comfortable that there won’t be rampant inflation anytime soon. We’ve still got lots of problems to work out.

[evolusd]

[quote=walterwhite]Uncle Rico has a time machine[/quote]

But I still love technology…always and forever.

[evolusd]

[quote=walterwhite]Uncle Rico has a time machine[/quote]

But I still love technology…always and forever.

[evolusd]

[quote=walterwhite]Uncle Rico has a time machine[/quote]

But I still love technology…always and forever.

[evolusd]

[quote=walterwhite]Uncle Rico has a time machine[/quote]

But I still love technology…always and forever.

[evolusd]

[quote=walterwhite]Uncle Rico has a time machine[/quote]

But I still love technology…always and forever.

[evolusd]

We decided to pass on this. While the house was great, the neighborhood was so-so and the elementary school turned out to be the worst in the district. We likely could have choiced out to a better school, but the whole reason for buying was stability for our kids. I want to be IN the good part of the district.

Thanks all for your comments!

[evolusd]

We decided to pass on this. While the house was great, the neighborhood was so-so and the elementary school turned out to be the worst in the district. We likely could have choiced out to a better school, but the whole reason for buying was stability for our kids. I want to be IN the good part of the district.

Thanks all for your comments!

[evolusd]

We decided to pass on this. While the house was great, the neighborhood was so-so and the elementary school turned out to be the worst in the district. We likely could have choiced out to a better school, but the whole reason for buying was stability for our kids. I want to be IN the good part of the district.

Thanks all for your comments!

[evolusd]

We decided to pass on this. While the house was great, the neighborhood was so-so and the elementary school turned out to be the worst in the district. We likely could have choiced out to a better school, but the whole reason for buying was stability for our kids. I want to be IN the good part of the district.

Thanks all for your comments!

[Author]

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