Sec: Regulators May Move On Mark-to-market And Fair Value Accounting Within Weeks

SEC: REGULATORS MAY MOVE ON MARK-TO-MARKET AND FAIR VALUE ACCOUNTING WITHIN WEEKS- FASB: Will have proposal within 3

 

Fair value accounting? Who dictates what's fair value? The opportunity for profit is created by letting the market decide what's fair value.

 

That's exactly what fair value accounting is...
Fair value = market value.

 

M2M accounting.

Here the banks are trying to change the rules of the game when they get into trouble.

Bank’s should continue using M2M and then tell investors what they think the values should be and why. Seems transparent to me.