Mark to Market debate gives an update on news in the accounting inudstry.

US financial regulations must be entirely reorganized by merging agencies, adding to the Federal Reserve’s powers and setting rules for derivatives.

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.

NRG Energy, a wholesale power generation company. Their tripling of net income in the past year because of a change in accounting rules.

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.

FASB's new proposed guidance won't change the odd practice of booking a gain when the value of a liability tanks.

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.

The FASB has posted new staff positions available.

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.

Forbes writers argue that a laissez-faire approach to the economic downturn should have been the way to go, instead of heavy government involvement.

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.

Steve Forbes is at it again. This time he discusses how bad accounting rules lead to the current financial situation.

Forbes discusses how bad accounting rules are at the root of the banking crisis.

Heads up . . . this is an excellent article from the Viewpoint section of American Banker, [$$] Repeal Mark-to-Market to End Crisis.

After the largest corporate lost seen in history, AIG restructures into world’s largest property/casualty insurer.

A mark-to-market analysis of AIG’s reported $60 billion loss.

American International Group sees $60 billion loss, the largest in corporate history.

Cash flow, not the mark-to-market price, reveals a security's true value.

A response to WSJ’s “How Geithner Can Price Troubled Bank Assets”.

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.

This week’s recap on the current financial crisis.

Atlantic’s Megan McArdle explains the need to fix the banking system by comparing the current American financial crisis to Japan’s “lost decade”.

Douglas Wilding discusses the use of models in accounting and its risks.

Rich Berg explains mark-to-market to the average American in plain simple terms.

Rich Berg gives his advice for President Obama.

Chief Executive Officer Richard S. Berg discusses how FASB changes could help the current economic situation.

Reuters reports FASB considering more mark-to-market guidance, but opposes significant changes or its suspension.

Retired investment securities blogger explains mark-to-market, simply.

Richard S. Berg begins a new site dedicated to debating mark-to-market accounting.