Bernanke Against MTM Suspension

In Bernanke Urges Rules Overhaul to Stem Risk Build-Ups, it is clear Bernanke does not support suspension of  mark to market.

Neither do I.  He does point out the pro-cyclical nature of MTM, and the need too counter this feature.  He also very pointedly commented that fair value might obscure transparency.

Still, in periods of financial stress, when some markets don’t exist or are highly illiquid, “the numbers that come out can be misleading or not very informative,” Bernanke said.

We will try and get more comments from the full text of the Q&A.
-BB