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are currently required to value their assets
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at what they would fetch in the market if they were to sell them.
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Right, but you know
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that they've been relieved of this responsibility recently.
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Student: No, I didn't know that.
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Well, so they've been relieved of this responsibility lately.
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Now, why have they been relieved of it?
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Because the thought was that the market was so panicked in the crisis
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that the price that they could fetch by selling their things
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really had nothing to do with the value.
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So we're going to come back to whether that was a good idea
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that Congress passed under tremendous pressure.