It is 7:18 AM and I just heard an excellent discussion on mark to market accounting rules between Becky QUick and Steve Forbes on CNBC. I mentioned arranging your life for success a couple of posts back, and this is what I am describing. You are not going to LEARN accounting but just putting your toe in the water a couple of times a week listening to me in class and avoiding reading the book. You must jump in the ocean that is finance and accounting.
Forbes advocated eliminating mark to market which would eliminate a lot of the problems. He also advocated eliminating payroll taxes, that would be SS witholding. He also advocated having FNM buy mortgages form banks. We are studying all these terms and issues in various accounting classes now. It is nec
My point is that you must link the text, the outline in Gleim, my description in class and on WEB CT of derivatives with all this news to form a synthesis in your mind of how all this fits together.
Watch Squawk Box in the morning on CNBC as you get ready for your day. Every day I see students watching basketball games on the tv in the activity room. This will not advance your business knowledge…….As Mike Phelps swim coach says,
Get in the water….
Professor Elam 
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