Fair Value US – Accounting Rule Takes Heat For Economic Crisis
The players of the financial markets
are interrogating mark-to-market in an effort to understand if and
how it contributed to the financial crises. Ramona Dzinkowski reports.
The multiple and complex causes behind the current global economic
turmoil, and the credit crises more specifically, were perhaps never
so clearly and vehemently articulated as on 29 October 2008 at the
US Securities and Exchange Commission (SEC).