Hold-To-Maturity Pricing

Those of you who are mentally ill whose primary source of information and insight about the financial crisis comes from reading my livejournal should read this post by CalculatedRisk. Not that I understand it. A little background: Bernanke testified today that "If the Treasury bids for and then buys assets at a price close to the hold-to-maturity price, there will be substantial benefits."

I had not heard the phrase "hold-to-maturity" price until today.

Also, I haven't yet decided whether to post about Krystal Meyers here (in order to further swell my swell readership) or on poptimists (where someone might actually read it). Probably will do it here.