Thursday, April 16, 2009

"Fine Tuning" Mark To Market: The Two Cows Version


The Financial Accounting Standards Board is meeting on today to discuss proposals to give banks more flexibility in valuing toxic legacy assets in illiquid markets.

We explored what this would mean a few months ago. It sounds like it is time to bring back our illustration, with a couple of adjustments to reflect recent developments.

Let's go to the cows.

See full Article.