Tuesday, February 24, 2009

More mark to market

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.

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