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.
AAR Rail Traffic in October: Carloads Flat, Intermodal Down
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From the Association of American Railroads (AAR) AAR Data Center. *Graph
and excerpts reprinted with permission*.
In October 2025, total U.S. rail carload...
3 hours ago
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