Posts Tagged ‘mark to market’

Linder: `Mark to Market` Explained

My Congressman, John Linder (R-7th GA), provides a good explanation of a phrase heard often during this week’s debate on the mortgage crisis. Linder points out that, contrary to the claims of the alarmists, there are options for dealing with the crisis.

I hear those of you who say, `Don’t lift a finger to help Wall Street.` And, I hear others who say, `Please help because as goes Wall Street, so goes Main Street.` My message to both of you is that we have a lot of options available to us including regulatory relief and tax relief options that will make you both happy. I recognize that credit crunch is serious, and I want to be helpful in crafting a solution. But before I vote to mortgage my childrens’ and grandchildrens’ future by spending another $700 billion that America does not have, I can guarantee you that I will have explored absolutely every other option possible.

.: U.S. Representative John Linder :.

Three Steps to Change the Nation’s Future

Years of bad decisions and stupid mistakes have created an economic nightmare in this country, but $700 billion in new debt is not the answer. As a tax-paying American citizen, I will not support any congressperson who votes to implement such a policy.

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