40 Years In The Desert: Overpaying for Assets is Key to Paulson Plan

26 September 2008

Overpaying for Assets is Key to Paulson Plan

That's what all of the gobbledy gook that Bernanke and Paulson were spouting before Congress about the value if "held to maturity".

Basically, they are saying to use mark to model, instead of mark to market, and mark to model is what got us into this mess in the first place, see here and here.

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Matthew Saroff, Mechanical Engineer, Owings Mills, Maryland, US

I reserve the right to reprint any email correspondence on my blog.

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A member of the Democratic wing of the Democratic party, and a fan of Bernie who thinks Neoliberal (DLC/New Dem) trickle down conomics sucks.

Mechanical Engineer with a background in defense, electronics packaging, medical & food equipment, transportation, and manufacturing.

In my spare time (Hah!), I am the developer of the Firefox addon, bbCode for Web Extensions (bbCodeWebEx).

I have two cats, a black cat, and a gray and white long hair cat, who keep me on my toes. (Because he keeps attacking my feet)

I am a Jew and a Zionist, who is married to a woman with exquisitely bad taste in men, and I have two remarkable children with her.

What is 40 Years in the Desert?

This blog is a place to put my stream of consciousness thoughts about life, politics, technology, and cats.

It's a posting ground for my more-or-less annual personal newsletter, 40 Years in the Desert.(PDF's available at link)

I find that if I wait until year's end I miss stuff from earlier in the year.

40 Years is put out the old fashioned way, it's printed out on ledger sized paper with 4 pages and mailed to people, total circulation of about 100.

I'm just not the holiday card kind of guy. A warning, if you comment here, I may use it in my paper publication.

You will get credit, and if I can get your postal adress, you will get at least the issue where you are quoted (probably a lot more, I rarely trim my list).

If someone actually wants to pay for an issue...I don't know, I guess a buck, but you can get the PDF's free.

I intend to post at least a couple of times a week,

40 Years In The Desert

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26 September 2008

Overpaying for Assets is Key to Paulson Plan

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