Thursday, November 27, 2008

Mark-to-Market

As I posted here weeks ago - general agreement is emerging that the FASB/SEC's stuborn insistence on mark-to-market accounting, even if there is no market. (The FAS mandarins refused to consider the possibility that there could be a market freeze and no prices as they built their mathematical models.)

Well, widespread criticism now has a chance to get them to at least modify their position.

No comments: