jweil6@bloomberg.net
Why Mark-to-Paulson Accounting Won't Save Banks: Jonathan Weil
Submitted by loner on 26 September, 2008 - 10:11pm- Ben Bernanke
- Bloomberg
- Bloomberg L.P.
- Brad Pitt
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- Fight Club
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- Financial Accounting Standards Board
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- http://www.bloomberg.com/apps/news?pid=newsarchive&
- Insurance
- Jonathan Weil
- jweil6@bloomberg.net
- mark-to-market accounting
- New York
- The Goldman Sachs Group, Inc.
- United States
- US
- USD
- Wall Street
Sept. 25 (Bloomberg) -- There's one glaring weakness in Treasury Secretary Hank Paulson's plan to save the U.S. financial system: We know what the plan is. Any other problems with it are mere details.
Much like the credo of Brad Pitt's character in the 1999 movie ``Fight Club,'' the first rule of market manipulation is you don't talk about market manipulation.
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What did I say then?
Goldman in bid for Japanese retail investor (4 years 18 weeks ago):
