In a new Q & A, Mitt Romney expresses reluctance for suspending mark-to-market accounting:
"I think you have to mark to market in one way or another, whether you mark to market for purposes of regulatory accounting figures or you do it to understand what your financial posture really is ... Japan took the other route ... and we have learned from that experience that if you try and hide the extent of the problem, you may not be willing to deal with it."
And here's a bed-time story that might turn into a nightmare:
"At some point there is the risk that foreign investors will believe that the dollars might not be worth very much in the future.
That would cause a run on the dollar potentially, hyperinflation potentially, but certainly an increase in interest rates. And if that occurs, you'd have the peril of very higher interest rates at the same time you have a suffering economy and that would be the sort of stagflation that would be so frightful that it would make current conditions seem mild."
