Mark to Market and the Crisis of Confidence
Mark to Market and the Crisis of Confidence http://seekingalpha.com – Last week I had lunch with Marty Schiffman, who told me that “If I live 1,000 years, I will never understand that accounting rule! It’s dishonest!” Marty was, of course, talking about the application of mark to market accounting rules by major financial institutions. Marty Schiffman is not the “average” man on the street; he is the head of the Real Estate Group at Carl Marks and is a senior finance professional. In short, he
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Mark to Market and the Crisis of Confidence
