GLG News by Accounting, Finance, and Tax Professors (US)

There are significant arguments today on what should or should not be done to address the current capital market crisis.  In reality, market economies first and foremost rely on trust.  When trust is lacking, the ramifications are significant and far reaching.  The mistrust of one sector...

Fair value accounting, or mark-to-market accounting, is not new.  The debate of how to account for value has been around for decades.  However the implications of fair value accounting, versus historical accounting, are far reaching and often not grasped.  A society needs to be careful...

Borrowers are being punished twice for seeking a loan during the current credit crunch...three times if you are someone who believes lenders and not borrowers are mainly responsible for the crunch in the first place.

To accept or reject an offer to sell all or part of a company is a challenge.  There are two issues.  First is the maximization of shareholder value.  The second is understanding the basis of conflicting valuations. 

Maybe it's just me, but these quotes from Herz and Pozen are off-base. When they suggest there could be a pure historical cost system, they are talking about something that doesn't exist and hasn't existed in a 100 years, if even then. I have to believe that Herz was misquoted or misinterpreted; I can...

All it takes is a sympathetic plaintiff who lost a home to foreclosure and a creative lawyer and suddenly you have a new wave of lawsuits to defend. By accepting premiums for the issuance of mortgage insurance from consumers, the mortgage insurance industry may get dragged into court to explain...

Reduction of USAID payments is beneficial in reducing addiction to it. The  ariticle's title infers that trade is preferable to aid payments, the article itself argues the opposite. Egypt - Israel peace agreement of 1979

Call me a cynic, but I am skeptical when the author of an article declaring that the housing market has bottomed works for a hedge fund that doesn't have to declare what investments they currently hold or what role they had in the subprime mortgage debacle. In my opinion, this article declaring...

In light of anticipated growth in both the number of target date funds and the assets committed to them, it is critically important to have appropriate indexes to evaluate and benchmark their performance.  Appropriate benchmark indexes also increase the likelihood that (1) investors are better...

No recovery for investors from CMO/CDO's Financial Market regulation to increase Arbitration volume to increase relatively more than lawsuits