An
Alternative to the Paulson Plan - One That Does Not Violate
the Spirit of Democracy
Comments & Analysis - Letter
Financial
Times -
September 29, 2008
by Janet Tavakoli, president of Tavakoli Structured Finance,
Inc.
JT
Note: P. 88 of the proposed Act (released
September 28) extends the SEC’s authority to suspend
mark-to-market accounting (FAS 157) when it is “in
the public interest and protects investors.” Do not
expect a thaw in the market freeze. This Act buries problems
and prolongs price
uncertainty.
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