12 Steps to Economic Recovery; Has a 12-step recovery program for the economy, Rich Karlgaard, 8/12/2008, Forbes, 29, Volume 182 Issue 12). Existem medidas imediatas, para o próximo ano e para um futuro próximo. A primeira medida imediata é, segundo a revista, admitir nossos erros, que inclui a marcação a mercado:
(...) Immediate Steps
1. Admit our mistakes. Retool mark-to-market accounting rules. Eliminate naked short-selling and reinstate the uptick rule. The damage from these three policy boners has mostly been done, but it would be good to admit our errors and fix them anyway. If our goal was to destroy the banking system as we know it, there was no surer way than to (a) insist on mark--to-market accounting valuations of thinly traded distressed assets during a panic, (b) allow any hedge fund to short bank stocks without borrowing the stock first and (c) let short-selling careen downhill without brakes. That's how a market gets violent short raids. Yet this is exactly what the U.S. government--the FASB, the SEC and the Treasury--allowed to happen throughout 2008. The victims--Bear Stearns, AIG and Lehman Brothers--were cash-flow-positive right up until the point they declared bankruptcy. Did you know that?
Nenhum comentário:
Postar um comentário