How do you explain Mark-to-Market to the average American? Rich Berg walks us through what it means to us.
Why not index market value to default rate and adjust quarterly. The rule was meant to prevail in under relatively “normal” conditions. We obviously have a set of extraordinary circumstances, which mark to market tends to exacerbate. Obviously, these financial instruments hold more intrinsic value than they are being compelled to mark to. Let’s get “real”, as was the spirit behind the mark to market initiative from the beginning.
– Bob Burns
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