Mark-to-Market Accounting Problems
Witnesses testified about mark-to-market accounting rules, and whether they exacerbated the current financial crisis. The standard requires … read more
Witnesses testified about mark-to-market accounting rules, and whether they exacerbated the current financial crisis. The standard requires companies to value assets they hold at current market values. For assets that are frozen and have a diminished current market value but may recover value in the future, the standard has proven problematic. Companies are then forced to write-down billions in assets, which can lead to further write-downs elsewhere. close
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Kevin J. Bailey Deputy Comptroller Office of the Comptroller of the Currency->Large Bank Supervision
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Lee Cotton President
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