This morning on CNBC a trader, Art Cashin, was pleading for a six month suspension of mark-to-market rules. He pointed out that it was a zero-cost move, and if it did not help, the requirement could be re-imposed. And two economists in Forbes argue that mark-to-market rules are destabilizing, something that the accountants and lawyers seem remarkably blind to.
Update: March 10, The SEC has no plans to alter mark-to-market rules.
Bonus Quotation of the Day…
2 hours ago