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Category Archive: Mark to market accounting

  1. Mark to Market Accounting Is Still Out Of Control And Is Spreading To Main Street

    The account­ing pro­fes­sion still hasn’t got­ten mark to mar­ket account­ing right. The rules and their appli­ca­tion remain a seri­ous dan­ger to the econ­omy and gov­ern­ment inter­ven­tion is needed to save Main Street from being the next vic­tim of fair value account­ing. On April 9, 2009 the most recent changes to mark to mar­ket account­ing were […] [read full story]

    Posted in: CITIGROUP, Economic Statistics, economy, FAS 141R, FAS 157, FAS 159, FASB, Finance, Mark to market accounting, Morgan Stanley, Politics, Public Policy
  2. Mark-To-Market Accounting – The Boogeyman Of The 1930s Is Back

    I won­der how many peo­ple real­ize that that FDR got rid of mark-to-market account­ing in 1938 after it vir­tu­ally destroyed the bank­ing sec­tor. Accord­ing to Brian Wes­bury and Robert Stein mark-to-market account­ing was the law of the land for most of the Great Depres­sion until it was out­lawed by FDR in 1938. Wes­bury and Stein […] [read full story]

    Posted in: BANKS, Credit Crisis, Depression, economy, FASB, FDR, Finance, Great Depression, Mark to market accounting, Public Policy
  3. A Letter To President Elect Obama – How to restore confidence

    Dear Pres­i­dent Elect Obama: As you get closer to inau­gu­ra­tion I would like to make a few sug­ges­tions for your admin­is­tra­tion and its future eco­nomic pol­icy. Every­one knows that the econ­omy is in trou­ble and con­fi­dence in the future is low. Con­fi­dence in the United States eco­nomic sys­tem and gov­ern­ment is our nation’s most impor­tant asset. Unfor­tu­nately, […] [read full story]

    Posted in: Accounting, BANKS, Confidence, Credit Crisis, Credit Default Swaps, Deflation, economy, Fannie Mae, FAS 140, FASB, Finance, Fiscal Policy, Freddie Mac, Mark to market accounting, Obama, Politics, Public Policy, Regulatory Reform, SEC, Securitization
  4. Mark to Market Accounting – It’s Like The Blob; We Need to Kill It Before It Eats Us Alive!

    We need to kill mark to mar­ket account­ing before it eats us alive. These account­ing rules are like The Blob, an alien life form that con­sumes every­thing in its path as it grows and grows. Both the Blob and mark to mar­ket account­ing crawl, creep and eat every­thing dead or alive in their path. We […] [read full story]

    Posted in: Accounting, FAS 157, FAS 159, FASB, Finance, Mark to market accounting, The Blob