Thursday, October 13, 2016 1:29:25 PM
it is the first 4 years of conservatorship, you silly goose
obviously...
Well in Mark to Market you can NEVER write the asset back up unless its a sale
Of its its a trading security categorized as such
So the crazy thing is in April 2009 the FASB allowed everyone to mark to model starting 1/1/09
vs mark to market
So everyone was marking to fiction
Except the GSEs which opted out
And continued to mark to market...which at the time was zero
And its fully disclosed in their financials
cheerio
Glen Bradford, MBA
Industrial Engineer
FHFA Accounting Fraud Special Investigations Team
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