Someone, please … answer this question. Last Friday evening on Fox News Steve Forbes brought the Mark-to-market accounting issue up again. And, periodically, I hear financial analysts from around the world ask the same question, “Why hasn’t the U.S. suspended the ‘mark to market’ rule?” Last Friday, Forbes emphatically stated that, if the rule had [...]
Filed under: News | Tagged: CNBC, Emergency Economic Stabilization Act of 2008, Federal Reserve, Fox News, mark to market, Paul Volcker, SEC, Steve Forbes, Tim Geithner | Leave a Comment »
Another “Mark to Market” Debate is Approaching
In an article published on CNBC’s website, Death To Mark-To-Market – Tomorrows Playbook – CNBC.com, it was pointed out that on April 2, 2009 regulators will again reconsider the official position on the “Mark-to-market” rule that was initiated in November of 2007. This has become one of the most controversial aspects of the current financial [...]
Filed under: Barack Obama, Commentary, Financial News, News | Tagged: Ben Bernanme, CNBC, John McCain, mark to market, Obama Administration, Paul Volcker, SEC, Securities and Exchange Commission, Steve Forbes, Tim Geithner, William Isaac | Leave a Comment »