RSS FeedThis entry was posted on Friday, March 13th, 2009 at 8:57 am and is filed under economy, financial crisis, mark to market. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Yesterday (Thursday, March 11) I testified on mark to market accounting before the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, a Subcommittee of the Committee on Financial Services.
Here is a copy of my testimony.
During the hearing, Representative Spencer Bachus, Ranking Member of the parent Committee recommended my blog post, "My Mark-to-Market Nightmare," to the other subcommittee members and later asked that it be entered into the record. Here is a link to "My Nightmare."
2 Responses to “Vetting Mark to Market”
Leave a Reply
RSS
Twitter
YouTube
LinkedIn
Facebook
Flickr
Helium
March 24th, 2009 at 11:06 am
[...] Vetting Mark to Market [...]
February 2nd, 2010 at 11:54 am
[...] Those of us who wrote about and testified on the issue last year, including former FDIC Chairman Bill Isaac, were careful to distinguish between commercial banks and trading financial institutions. In fact, we conceded that, even at commercial banks, securities held for trading or subject to trading should be marked accordingly. [...]