Friday, April 10, 2009
I'm seeing more and more articles assaulting the changes in M2M rules. Here's another from the economist.com. It's going to come down to whether banks are willing to accept the valuation on their toxic assets and sell them as part of the PPIP or whether they will refuse to part with them and instead mark the assets to model (higher than market). Last I heard the PPIP was still weeks away, but it's going to happen eventually. I still say whatever happens the activity validates the clarity provided by M2M, so bring it back!