Comments on: Aren’t we shooting the messenger? http://dan.zitting.me/2009/04/arent-we-shooting-the-messenger/ Dan Zitting's writing on organizational, societal, and lifestyle design Sat, 07 Aug 2010 22:14:41 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Matt White http://dan.zitting.me/2009/04/arent-we-shooting-the-messenger/comment-page-1/#comment-22634 Matt White Fri, 17 Apr 2009 18:43:07 +0000 http://www.danzitting.com/?p=386#comment-22634 That's a good strategy. Run for office with the campaign slogan "Why not?" and just make random changes that all the sheep think will make a difference. That’s a good strategy. Run for office with the campaign slogan “Why not?” and just make random changes that all the sheep think will make a difference.

]]> By: Dan http://dan.zitting.me/2009/04/arent-we-shooting-the-messenger/comment-page-1/#comment-22605 Dan Thu, 16 Apr 2009 22:13:11 +0000 http://www.danzitting.com/?p=386#comment-22605 Totally Matt... sorry to say accounting games aren't the answer. If it was, then hell, why not just change the accounting rules some more? What if we made a special "credit crisis" rule for banks... all expenses are allowed to be recognized as revenue. BAM, just like that, banks would set profit records overnight. With ideas that good... I don't know how I could possibly fail as a politician. Totally Matt… sorry to say accounting games aren’t the answer. If it was, then hell, why not just change the accounting rules some more? What if we made a special “credit crisis” rule for banks… all expenses are allowed to be recognized as revenue. BAM, just like that, banks would set profit records overnight.

With ideas that good… I don’t know how I could possibly fail as a politician.

]]> By: Matt White http://dan.zitting.me/2009/04/arent-we-shooting-the-messenger/comment-page-1/#comment-22593 Matt White Thu, 16 Apr 2009 13:47:36 +0000 http://www.danzitting.com/?p=386#comment-22593 Very good argument. Not many people realize the reason banks are turning profits now is because of the change in valuing these assets from fair value to future value. Until the private companies begin buying these assets at say $0.30 on the dollar from the banks and get them off the banks' books and renegotiate the terms of the mortgages down to 75%, nothing will be fixed. It's pretty similar to the savings and loan collapse in the 80's where it didn't turn around until the government left things alone. Very good argument. Not many people realize the reason banks are turning profits now is because of the change in valuing these assets from fair value to future value. Until the private companies begin buying these assets at say $0.30 on the dollar from the banks and get them off the banks’ books and renegotiate the terms of the mortgages down to 75%, nothing will be fixed. It’s pretty similar to the savings and loan collapse in the 80′s where it didn’t turn around until the government left things alone.

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