Mark to Market Update
Mark to Market debate gives an update on news in the accounting inudstry.U.S. Financial Regulations Need Overhaul, Panel Says
US financial regulations must be entirely reorganized by merging agencies, adding to the Federal Reserve’s powers and setting rules for derivatives.Learning Economics from the Swedes
Elizabeth Warren felt that the Obama approach to the financial sector lacks transparency. She urged them to learn from the success of the Swedes when they pulled their banks out in 1992.Mark to Market says: It's Working
NRG Energy, a wholesale power generation company. Their tripling of net income in the past year because of a change in accounting rules.Preventing the Next Crisis: The Case for Boring Banks
Simon urged that banks go back to being utilities, as they were in the 1950s and 60s, when bankers could make an honest living but didnt make a killing with insanely risky and predatory practices.Figuring Out the Fair Value of a Liability
FASB's new proposed guidance won't change the odd practice of booking a gain when the value of a liability tanks.Advice from Hernando de Soto in Newsweek
Speaking from his experience with third-world economies, de Soto says that Geithner is right to focus on trying to get the toxic paper out of the banking system. We need to restore faith in credit.New Federal Accounting Standards Board Staff Positions
The FASB has posted new staff positions available.Modification of MTM
John Berry makes a great point for the modification of mark to market, that separating the loss attributed to credit and the potential loss due to market illiquidity gives investors more transparency.Flawed Logic - Forbes.com
Forbes writers argue that a laissez-faire approach to the economic downturn should have been the way to go, instead of heavy government involvement.FASB Modifies Mark to Market
Bloomberg reports that the Federal Accounting Standards Board is easing their fair value standards due to lawmaker pressure, which means many credit losses can be reassessed into capital.Continuing Destructive Policies in Mark-to-Market
Steve Forbes is at it again. This time he discusses how bad accounting rules lead to the current financial situation.Steve Forbes’s Obama Repeating Bush’s Worse Marketing Mistakes
Forbes discusses how bad accounting rules are at the root of the banking crisis.Problems with Mark-to-Market by George Sutton
Heads up . . . this is an excellent article from the Viewpoint section of American Banker, [$$] Repeal Mark-to-Market to End Crisis.New AIG Unit to be World’s Largest Property/Casualty Insurer
After the largest corporate lost seen in history, AIG restructures into world’s largest property/casualty insurer.Mark-to-Market: Did AIG really lose $60 Billion?
A mark-to-market analysis of AIG’s reported $60 billion loss.AIG sees $60 billion loss
American International Group sees $60 billion loss, the largest in corporate history.Nationalization Can be Avoided by Pricing Trouble Assets
Cash flow, not the mark-to-market price, reveals a security's true value.Debate: Should the definition of fair value assume an orderly transaction?
A response to WSJ’s “How Geithner Can Price Troubled Bank Assets”.UN lobbies for share of bank rescue funds - Times Online
The UN and the World Bank lobby for a portion of the billions of dollars allocated to bailing out the West's banking systems to be diverted to prevent Asian poverty.Five Dumbest Things on Wall Street
This week’s recap on the current financial crisis.Unbanking
Atlantic’s Megan McArdle explains the need to fix the banking system by comparing the current American financial crisis to Japan’s “lost decade”.Models in Accounting | Mark-to-Market Debate
Douglas Wilding discusses the use of models in accounting and its risks.Valuation Explained | Mark-to-Market Debate
Rich Berg explains mark-to-market to the average American in plain simple terms.Advice for President Obama | Mark-to-Market Debate
Rich Berg gives his advice for President Obama.FASB Changes | Mark-to-Market Debate
Chief Executive Officer Richard S. Berg discusses how FASB changes could help the current economic situation.FASB: More Mark-to-Market Guidance, No Significant Changes
Reuters reports FASB considering more mark-to-market guidance, but opposes significant changes or its suspension.Mark-to-Market Explained, Simply
Retired investment securities blogger explains mark-to-market, simply.New Mark-to-Market Debate Website Launched by Performance Trust
Richard S. Berg begins a new site dedicated to debating mark-to-market accounting.Treasury Department Will Stress Test Banks
The Treasury Department has announced they will be stress-testing banks. Again, banks wait anxiously for the Treasury Department to tell them what the stress-tests will look like.
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