Wednesday, April 9, 2008

3/20/2008: Barney Frank: Create a "Risk" Post

Excerpt from Barney Frank: Create a "Risk" Post
by Alan Rappeport

Invoking the Heisenberg uncertainty principle, a concept from quantum physics that shows how the act of measuring something can change its position, Frank also contended that strict "mark to market" valuations were pushing the market down. "A rigid interpretation could be dangerous," he said.

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