Expert Analyses of the following article:
ABA Levels New Blast at Fair Value
Source: www.cfo.com
October 3, 2008
The Return of the Monkeys Uncle
Author: GLG Expert Contributor
Author: GLG Expert Contributor
Mark to market rules make no sense when the market values are established within a market in dis order.
September 29, 2008
Fair Value - The Bankers Blame It for Their Woes - The Familiar Blame Game
Author: GLG Expert Contributor
Author: GLG Expert Contributor
When the going gets tough deflect the blame. That's an age old tactic. The banks and the global financial system are in a mess. The mess has been created by "easy credit" and now the bankers want to blame accounting rules and the concept of fair value. This is like going back a 100 years in accounting. It is the stratagem used by defenceless managements when their bluff has been...
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