Did Mark to Market affect banks by lowering book valuations?

The banks held the loans at 100% of face value because as long as the loan is paid off that's what it's worth...however, many of the loans traded at 65% of face value or less so the debate is whether the bank should reduce the value of the holdings on their book to 65% of face value or wait until they know for sure whether they will pay off...marking to market would make them reduce the value of the loan on their books to 65% of face value.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.