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.
How should the Fed respond to Trump’s comments?
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The president tempered his criticism by saying that Chairman Jerome Powell
— his own appointee — is a “very good man.” He also stopped short of
directly ...
1 hour ago
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