Marking to market is a good idea, but beware of the unintended consequences of good ideas.
This article makes the same point, and many others (about Fannie and Freddie, about the repeal of Glass-Steagall), very well.
The Ukraine peace deal
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The information environment is so soiled right now, it is especially
difficult to assess such matters. And I, like many others, am upset about
the rheto...
2 hours ago
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