tag:blogger.com,1999:blog-30643134.post567049574528075639..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: What will bring an end to the credit bear market?Accrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-30643134.post-32181245516822032192008-03-12T03:08:00.000-05:002008-03-12T03:08:00.000-05:00Great analysis.I am looking for *anything* to be c...Great analysis.<BR/><BR/>I am looking for *anything* to be contained. Munis, Auction Rate Securities. <BR/><BR/>However, I think the turning point will be when (if) the financials MTM reverses and the net writedowns are either zero or a writeup. <BR/><BR/>I'm thinking of a company like AIG that is screaming that its MTM accounting is inappropriate. The current problem is that they have a trillion in assets, and we know there have to be other problems. <BR/><BR/>All the valuation issues are basically timing differences, and they will unwind. Subjective and arbitrary valuations will converge on the ultimate cash result.<BR/><BR/>I suppose that things could continue to get worse for a long time, but at some point, the stuff runs off. Instead of it being a complex modeling problem, it is just adding up the cash (or lack thereof).Anonymousnoreply@blogger.com