Fair Value Pricing, Government Market Making and TARP

I have just posted this on knol:

How to Value Illiquid Toxic Assets clogging up the banking system (Work in Progress)

This article argues that the administration would get a fairer deal in buying troubled assets by becoming a market maker on those assets bought at a most refined level of granularity using a proposed relatively straightforward market-making method. This approach further has the benefit of being minimally surgically invasive while most speedily addressing the problem.

Introduction to BICs

I am making my first post with an introduction to BICs that I have posted on my knol at:http://knol.google.com/k/phil-kongtcheu/introduction-to-basis-instruments/

This article provides a definition for the concept of Basis Instrument Contracts (BICs) and explains why such a concept is needed and useful in Finance, Economics and Mathematics. It explains how BICs are practical and represent both a prophylactic and a therapeutic structural tool for a crisis such as the 2008 crisis. BICs help mitigate market volatility and facilitate more robust risk management.

More about me also at: http://knol.google.com/k/phil-kongtcheu/-/24v2kgtuvzk2v/0#