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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
Wait a minute!!!
ReplyDeleteI absolutely agree. Once it is clear that your stuff is worth squat, and I am afraid to lend to you, a change of accounting is not going to change that unless it changes your cash flow (tax shield maybe), which won't be by much.
I agree and disagree. Here's why: The current crisis would of been delayed, and possibly worse, if the mark-to-market wasn't in effect. So it would of happened latter and may of been worse.
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