Like suspending mark to market

Governments are muddying the water, helping to conceal where errors have been made. But so long as they stand ready to put a bandaid on every scraped knee...who cares?

G7 undermines price discovery
by, Terence Corcoran

….Governments are pushing to invest directly in banks, put all deposits under unlimited insurance guarantees, pass laws to allow treasury departments to buy mortgages and related instruments, even lending between banks could come with government guarantees. What all these initiatives have in common is their ability to undermine and prevent market forces from operating.

The purpose of markets -- the only purpose of markets, some might say -- is to allow people to determine prices. Without trades in an open market, there can be no accurate determination of value. And without prices, nobody can know what assets are worth and what to pay for them….