Mark to Market

[JoMoDo]

Interesting, looks like SEC and FASB regulations will be changing to 'correct' markets right now. Amazing (not really) how no one from the media gives two shits about this as it is a HOT topic in Congress yesterday.

 

[JoMoDo]

I would have thought some of our brilliant economists (**cough cough ahem, Collapse) would have something to say about this. I guess b/c Peter Schiff doesn't have any youtubes on the subject though, we won't hear any of his insight.

Anyway, Mark to Market accounting is very big for fair accounting practices for anyone who cares.

 

[Collapse]

It also brings corruption.

Austrian Economics is no friend of Regulations