Minyan Mailbag: Why Marked-to-Market Refuses to Die
Dear Minyan Peter Why won't the government just change the accounting from mark-to-market to cost and accrual? Wouldn't this avoid the huge writedowns and federal fundings? Why aren't they doing this in lieu of spending more and more? Any help on this would be greatly appreciated Minyan Greg Dear Minyan Greg My guess is that it has a lot to do with the accounting industry. For a long time marked-to-market accounting was used by a very limited number of participants - largely brokerage firms and investment managers. The accounting industry generally felt no reserves were required for marked-to-market assets because ...
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here