Is Mark to Market a bad idea?

I wrote about this last month, and it’s been in the news again this past week, because there’s once again discussion to “relax” the mark to market accounting rule known as FAS 157.  I expect that the discussion in Washington is what’s behind the rally in financial stocks this past week.  It doesn’t really matter, […]

The return of Mark to Myth?

It looks like the Senate is attempting to allow the banks to sweep their problems under a rug.  A MarketWatch.com article this evening says “an accounting regulation that some bankers and lawmakers complain is a key contributor to the financial crisis might need to be temporarily changed or restricted. The rule, known as mark-to-market, requires […]