Comments on: Mark-to-Market, OTTI, Loan Loss Reserves, ETC. http://taxesandbudget-blog.ncpa.org/mark-to-market-etc/ Insights on Taxes, Economic Policy, Federal Budget | NCPA Tue, 16 Mar 2010 17:24:04 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Bob McTeer http://taxesandbudget-blog.ncpa.org/mark-to-market-etc/comment-page-1/#comment-10027 Bob McTeer Thu, 07 May 2009 15:16:36 +0000 http://taxesandbudget-blog.ncpa.org/?p=883#comment-10027 You may be right. All these banks are running together now. However, my recollection is that it was BOA with a need of $10 billion, although the next day or the day after that the number had grown to $34 billion. Anyway, as you indicated, which bank it was doesn't matter to the point, which is that these numbers have so many questionable assumptions behind them that there is no clarity as to what is really needed. You may be right. All these banks are running together now. However, my recollection is that it was BOA with a need of $10 billion, although the next day or the day after that the number had grown to $34 billion. Anyway, as you indicated, which bank it was doesn't matter to the point, which is that these numbers have so many questionable assumptions behind them that there is no clarity as to what is really needed.

]]> By: Nemo http://taxesandbudget-blog.ncpa.org/mark-to-market-etc/comment-page-1/#comment-10020 Nemo Wed, 06 May 2009 20:57:55 +0000 http://taxesandbudget-blog.ncpa.org/?p=883#comment-10020 Minor correction: The $10.5 billion range you cited yesterday was for Citigroup. The bank needing $35 billion (according to the leaks) is BofA. Which does not change your point. As for seizing banks, solvency is only one question. A more interesting one, in my view, is whether "too big to fail is too big to exist". In my opinion, the answer is yes, but I would be interested to know yours. (Or in general what your take is on the "too big to fail" problem.) Minor correction: The $10.5 billion range you cited yesterday was for Citigroup. The bank needing $35 billion (according to the leaks) is BofA. Which does not change your point.

As for seizing banks, solvency is only one question. A more interesting one, in my view, is whether “too big to fail is too big to exist”. In my opinion, the answer is yes, but I would be interested to know yours. (Or in general what your take is on the “too big to fail” problem.)

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