Sometimes, someone writes something that captures the totality of a situation in just a few words. In this case, it is my favorite bear, Nouriel Roubini on FASB 157, which, as I’ve mentioned before, requires more stringent evaluations of exotic financial instruments.

It really is forcing people to price assets that they thought had value, but are now viewed with the enthusiasm of a radioactive toxic waste sandwich.

Sounds like a job for Troma Films.