| Subject: | [socialcredit] Re: OWNERSHIP: Replying to Matt Greco--the "zero sum" fallacy | | Date: | Sunday, May 1, 2005 14:06:36 (EDT) | | From: | Matvox <Matvox @...com>
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Bill,
again, there are circumstances when they do so account for their assets. Banks are required by regulators to mark certain assets to market, even though they haven't sold the assets and the value may vary on a daily basis. Before this regulation change went into effect, the banks complained exactly about your point--that they couldn't do it accurately. They lost that argument because regulators felt an attempt at market valuation was more accurate than historic value.
Similarly, a commercial firm may be looking to sell an asset --through a sale, spin off or ipo and will mark the value of that asset on what it thinks the market will bear, not its historic value.
Matt Greco
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