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Entries tagged "mark to market"Morgan Stanley beefs up as losses loomMorgan Stanley's stock is down amid a rally, as analysts project first-quarter losses. J.P. Morgan's Dimon reminds markets of troubleDespite upbeat comments from Citigroup's Pandit, J.P. Morgan's chief may be indicating that the exuberance is irrational. Congressmen push FASB's Herz into a cornerAfter House Democrats press FASB Chairman Robert Herz at a hearing, he agreed to have new guidance on mark-to-market accounting rules in three weeks. Congressman: Time to act on mark-to-marketRep. Paul Kanjorski, D-Penn., threatens FASB with congressional action if it doesn't modify accounting standards, but stops short of actually demanding an end to mark-to-market rules. FASB may change mark-to-market rulesMore tweaks could be coming to the controversial accounting standard mark to market, which some have blamed for massive bank write-downs. Fair value accounting trips up private equity firmsPrivate equity firms may be feeling a bit like Al Capone nowadays (without all that criminal activity of course), as it won't be rivals or law enforcement that ensnare them, but their own sharp-penciled accountants. Thanks to the magic of mark-to-market accounting rules, LBO shops are preparing to give their limited partners the bad news of just how much those portfolio companies they bought in the boom years are worth during a credit crisis and recession. ... Cox: Accounting can't be bent to fit the nuances of crisisThe controversial mark-to-market accounting rule looks like it is here to stay. Even as the economy slides and there is an effort afoot to lay part of the blame for the financial meltdown on, of all things, an accounting standard, the Securities and Exchange Commission is unlikely to suspend the rule, The Wall Street Journal reported Monday. ... FASB to Congress: Don't politicize accounting rulesThe Financial Accounting Foundation, the independent private sector organization responsible for overseeing the Financial Accounting Standards Board, wants Congress to stay out of making accounting rules through the political process.... Paulson and the triumph of fair-value accountingLast week, Henry Paulson offered up a spirited defense of mark-to-market accounting, also known as "fair-value accounting." Paulson made several points. First, we can't just throw "fair-value" accounting out the window because of some illiquid markets in a crisis. Second, you can't run an investment bank without mark-to-market. Third, we need to recognize the losses and move on. Fourth (I'm making this one up), stop whining you damn crybabies. ... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "mark to market." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
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