Schrodinger's cat is clawing at the financial system

Who knew that an understanding of quantum mechanics is necessary to be an accountant?

The so called toxic mortgage derivative assets are just like Schroedinger's cat. They have both value and non value until someone opens a bank vault and looks at them, thus causing their value to collapse into a definite state. Once the bank vault door is closed again the value of the assets can only be expressed as a quantum superposition.

In more formal terms, accounting for the assets of the banks must take into account that the psi function of a vault, whenever its door is closed, has in it both value and non value mixed or smeared out in equal parts.

Full disclosure: I got a D in second semester freshman physics at Illinois Tech, so someone at Fermilab or CERN or Princeton's Institute for Advanced Study should probably review this before passing it to Barney Frank, Chris Dodd and the FASB for incorporation into the mark to market accounting rules and the regulations implementing same.

http://en.wikipedia.org/wiki/Schr%C3%B6dinger's_cat