No Market for Mark-to-Market …
Donnerstag, April 2nd, 2009They really did it … OMG Mark-to market is not anymore mark-to-market … So … now everything is possible … enjoy the time until reality comes back … – FASB’s new guidance allows banks and their auditors to use “significant judgment” when valuing the illiquid assets such as mortgage securities. For example, if companies have [...]
