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Overnight Open Thread

326
Carl in Jerusalem2/25/2009 4:46:33 am PST

re: #296 MandyManners

So, what’s wrong with that?

It sometimes makes your financial statements not look very good.

When you’re a broker and you have to maintain something called the net capital ratio, the valuations of financial instruments matter in determining what you have to hold in safe accounts and what you can keep trading.