Why did they eliminate Mark to Market? As far as I understand, by changing this accounting requirement the Emergency Economic Stabilization Act basically ensures far less transparency in banking system. This seems like a bad idea. I am not an economic genius, having only taken one basic course in microeconomics, and would gladly appreciate serious comments and opinions.
Given the sarcastic bastards that consist of 95% of my readership, I doubt we'll see anything useful show up in the comments. My blogging name is freaking Chuckles after all.