Larry Kudlow's relentless demands for Wall Street bailouts are a major reason why working Americans are being forced to give trillions to the rich. Today he's demanding an end to mark-to-market pricing of toxic assets (h/t Josh Marshall) and a return to "mark-to-model" Enron Accounting. (He calls it "discounted cash flow model," which lets banks assume the mortgages underlying their toxic assets will be repaid at significantly higher rates than markets currently expect.)

On the basis of this Enron Accounting, Kudlow then predicts a bank-driven market rally and wants everyone to BUY BUY BUY. Of course Kudlow always wants everyone to BUY BUY BUY, which led everyone who took his advice to LOSE LOSE LOSE.

CNBC must fire Larry Kudlow for his crimes against honest accounting, which is the fundamental basis of Capitalism.