Search This Blog

Friday, May 1, 2009

Is there a "Market Price" on toxic assets?

Has there ever been a clearer indicator that market to market is broken....."It is unclear whether banks will sell the assets"

http://www.thestreet.com/story/10493886/1/treasury-100-firms-want-toxic-assets.html

Just ridiculous! Why we ever decided to throw real dollars after a phantom unrealized loss is beyond me, but I guess I am going to have to get over it because that is what we are doing.

Birmingham Angel Network, LLC's Fan Box