This is apparently a comment letter sent to the SEC by a hedge fund manager flummoxed by the rigged game that now allows for virtually any asset to be valued at ANY price.
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Subject: File No. S7-23-09
From: William T McGonagall, III
Affiliation: Dungeon Master
November 23, 2009
I don't reckon none of them asset backed securities oughta be accounted for at alls. I reckon we ought not to mark them to market or anything. We oughta mark 'em to my butt.
Sincerely,
William T. McGonagall, III
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Featured Comments:
Wow, no wonder the world is screwed up. He is probably a master of the Dyslexicon.
http://www.amazon.ca/Bush-Dyslexicon-Mark-Miller/dp/0393322963
Gompers
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