Because the thought was that the market was so panicked in the crisis

这是因为经济危机中市场恐慌
that the price that they could fetch by selling their things

他们出售资产可以得到的真正价格
really had nothing to do with the value.

真的与价值无关
So we're going to come back to whether that was a good idea

我们会回到这里讨论这是否是一个好主意
that Congress passed under tremendous pressure.

国会在巨大的压力下通过的这一规定
What is the point of marking to market?

按市值计价有什么用呢
So let's suppose that

所以让我们假设
you really could anticipate the future

你真的可以预见的未来
and everybody was right about it.

每个人都正确预见未来
The market price then would really be PV_0 today,

今天的市场价格真的就是PV_0
and it really would be PV_1 tomorrow,

明天的市场价格就是PV_1
because if the interest rate's do actually turn out to be what everybody expects,

因为如果利率真的是大家所预计的