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Suspension of Mark-to-Market: Rigging the scale is not losing weight!

There has been discussion of the possibility of suspension of the "Mark-to-Market" accounting rule. This has contributed to the current euphoria surrounding financial stocks. The logic is that this would stop the death spiral in the capital base of many of the banks and other financial companies, an action that is at the root cause of our current financial crisis.

A suspension of "Mark-to-Market" accounting would definitely give breathing room to banks. However, there are other alternatives, such as suspending financial regulatory requirements, which could have the same effect.

Continue reading Suspension of Mark-to-Market: Rigging the scale is not losing weight!

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DJIA-74.9212,454.83
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Last updated: May 28, 2012: 03:41 AM

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