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.
Monday assorted links
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1. Wikipedia page for Camille du Gast. 2. Data on fair thinking? 3. Some
1904 fertility debates. 4. Roger Norrington, RIP. 5. How safe are bicycles?
6. N...
1 hour ago
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