-
you get PV_1 is a really low number compared to PV_0.
-
You get a giant negative here.
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It would look like the rate of return was terrible.
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Everyone would panic and think the firms had fallen apart.
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So especially the banks were the ones who didn't want to do this,
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and so Congress didn't want the public to be panicked
-
so it simply said,
-
"Okay, forget about it.
-
We're going to not hold you to writing PV_1 anymore
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because we can't count anybody figuring out what it is,
-
and so you don't have to tell us that.
-
You just have to tell us this,"