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<p>[QUOTE=&quot;doug5353, post: 2224534, member: 73555&quot;]Banks used to have the same point of view.&nbsp; Then the courts decided that financial institutions had a fiduciary responsibility to &quot;mark to market&quot; all their various assets; this is why some of the German and Austrian banks are in much worse shape than generally believed -- they carried obscure tranches of defaulted bonds at par to make their earnings look better.&nbsp; Now it&#039;s catching up with them.[/QUOTE]</p><p><br /></p>

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