Will a Mark-to-Market Fix Help Save the Banks?

To fix the banks, Washington needs to get toxic assets off their balance sheets. That’s easily said but not so easily done. One reason is an obscure accounting rule that is the subject of intense lobbying by representatives of the banking industry ahead of congressional hearings on Thursday on the matter

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Saving the Real Estate Market by Paying the Neighbor’s Mortgage

The quickest way to help the auto industry would be to make sure that no one in the U.S. defaults on a car loan. Certainly the government could make sure that people who are employed and do not have a history of being deadbeats get a portion of their car loans paid.

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