Stock brokers and mutual fund companies will be required to report costs basis information on stocks and mutual funds to investors and the IRS (no fudging your capital gains taxes).
Her strategy is to invest in the best-performing no-load mutual fundsand to shift capital into other funds as different sectors and styles come into and out of vogue with investors.
Paul Miller of Friedman Billings Ramsey, an investment bank, says a government bad bank can pay more for assets than a private investor because its cost of funds is irrelevant, it needs nocapitaland can hold the assets to maturity.
If your unrealized capital losses are in no-load mutual funds, the first and third points would not apply (unless you are subject to a redemption fee).
In consequence pension fundsand banks will no longer be able to give up some of their bond yield in return for insuring the capital against government default.
What this suggests to me is that investors are no longer satisfied with the minimal yields of money market fundsand are growing more comfortable putting their money back into the capital markets.