Anytime a movie references “Connecticut”, it requires a mandatory reference in any of my blogs. This reference applies to the 5 FASB board members based in Norwalk, CT, whose members who were subjected to intense political pressures to relax Mark-to-market accounting rules.
Transparency becomes Opaque when you are scared to death.
I also discuss conversations with lenders and mortgage brokers in the past week and what constitutes a Happy Thought. Are we able to look at the housing world objectively with so much of it under duress?
[podcast format=”video” width=”300″ height=”18″]https://millersamuel.com/wp-content/uploads/oldimages/podcasts/2009.04.06-the-housing-helix-podcast-a-haunting-in-connecticut.m4a[/podcast]3 Comments
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Sounds great!! Did anyone jump out of the window? Very good stuff looking forward and hope I can contribute at some point.
First podcast I’ve heard. Thank you for your wisdom and honesty regarding the mark-to-market question. I agree that no-one knows the answer, but few are willing to admit this. I look forward to your future insights and balanced assessments on the market.
Thanks Maureen! Feel free to make suggestions on topics you feel need to be examined.