M2M is a joke

边干边学

the M2M rules recently updated by FASB is really a joke.

if this change can save the US from this crisis, why did NOT they do so last year or earlier? then Bear Stern & Lehman Bro would have been saved from BK, T of $ of market value won't have lost, we would probably on the way to DOW 20K......

with this M2M, how the T Assets plan from Tim will work out?

now I suspect this plan was only designed as a PLAN to demonstrate to the market that 08 is trying his best to save the market, but it will never implement!

why? the price is way to high to save the market this way.

last year, when Paulson proposed similar plan, it did not work out. some small bank failed, FDIC failed to recover significant amount of $ from the assets sale

Tim knows this very well, now he has another plan, then M2M changed, so the banks will not have huge pressure or incentive to sale problematic assets, rather they can change the model and guess what, the ugly # will disappear and the banks are all recovered from the crisis! What a joke!

changing accounting rules won't save US, printing US $ won't either

some may say the joint force to fight this crisis are the strongest in the history, what about the problem we are facing then?! it is also the BIGGEST one in the history

I am still bearish, deep under water though...

joemo2003

天天看到m2m， 到底是什么都还没弄清

源济

ByStander

the M2M rules recently updated by FASB is really a joke.

if this change can save the US from this crisis, why did NOT they do so last year or earlier? then Bear Stern & Lehman Bro would have been s ...
边干边学 发表于 2009-4-3 15:14

你考虑过M2M的改变对BANK的借贷能力的影响吗?

边干边学

4# ByStander

it is true M2M will help the banks with the balance sheet, thus increase the ability to loan.

however, such a increase is based on the increase value of those T assets, which are not firmly backed up by the underlay assets, just like the sub-prime loan that triggered this crisis. sooner or later, it will fall if the banks is not learning from this crisis.

of course, in short term, it will ease the pressure and give the banks a opportunity to re-organize

M2M can change the book, but it can NEVER increase the quality of the assets, that is the bottom line.

ByStander

4# ByStander

it is true M2M will help the banks with the balance sheet, thus increase the ability to loan.

however, such a increase is based on the increase value of those T assets, which are  ...
边干边学 发表于 2009-4-3 15:29

我是这样看:
1. BANKS增加借贷对实体经济应该有正面的影响. 想想看从去年以来FED想了多少办法要BANKS增加借贷,都不成功. FED一直以来没能做到的, 改变M2M或许能做到.
2. 我不认为改变M2M能改变T ASSET的品质. 但在另一方面,在现在的市场条件下,M2M对那些东西更可能是低估而不是高估. 不管怎么样,银行借贷能力的增加对股市的影响不可低估.

北京哥哥

分析这个没用，这都是MM炒作的手段而已，关键看MM怎么用。所以说市场永远是对的

边干边学

6# ByStander

it is true lending increase will help the economy a lot, but my concern is will the bank start to lend?

with M2M, the banks only have ability to increase lending, but will they? if they are also concern about the assets on the book, they may be more conservative than they were in the past several years.

what is the current situation of US mortgage rates? can anyone from US comment. not good in Canada

zaneyuan

简单点说呢，感觉就是国家认可银行可以做假账了！

tape

9# zaneyuan


明正言顺了

ByStander

6# ByStander

it is true lending increase will help the economy a lot, but my concern is will the bank start to lend?

with M2M, the banks only have ability to increase lending, but will they? i ...
边干边学 发表于 2009-4-3 16:08

银行会不会开始借贷是EVERYONE'S GUESS. 但至少是有希望银行会开始增加借贷. 如果继续M2M, 因为REGULATION的关系,银行根本无法增加借贷. 从另一方面看,银行知道自己手里拿着一堆烂账,虽然该了M2M一时看不出来,但早晚这个窟窿要补. 那就要多做生意多赚钱来补呀. 所以银行应该也有借贷的动力

ByStander

简单点说呢，感觉就是国家认可银行可以做假账了！
zaneyuan 发表于 2009-4-3 16:22

恐怕不那么简单, 至少不仅仅是"认可银行可以做假账"