Thursday, November 20, 2008

Hold to Maturity - Okay for CMBS

It's hard to see why a CMBS portfolio, held for maturity, couldn't be off of mark-to-market.

I'm not sure it will matter, much, for the stock prices, but it will take pressure off the urgency/immediacy surrounding "bank failure", by redefining that term to include an, er... longer-term perspective, right?

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