The Value of Fair Value

February 4, 2009 by · 2 Comments
Filed under: Video 

Chief Executive Officer Richard S. Berg talks about why fair value is best practice and why market price can be the best estimate of value.

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2 Responses to “The Value of Fair Value”
  1. Wayne Fox says:

    Well, I tell ya what…I bought 5000 shares of Bank of America at $19.00. The market tanked and the value of each share went to ~$2.53. If banks can just go to Mark-To-Model why cannot I sell my $2.53 shares for $19.00 or higher?? Maybe $43.00 where they were in early 2007??? Hmmm, why do banks get to do what I cannot. –a bit skewed…

  2. cuOnTheOtherSide says:

    If banks mad there money the old-fashion way (as they did 5 to 10 years ago), would we be in this mess?

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