Gold Bullion Investment

Banks “mark-to-market” from “mark-to-model”

I tried to do some research on this to confirm Bob Chapman’s statements that banks will soon (Jan 1st, 2010) have to go back to the mark-to-market rules as opposed to the current mark-to-model rules they’re using now. Mark-to-model means they can list an asset as being worth whatever they say it’s worth “during hard times,” but in “good times,” they have to revert back to the mark-to-market (which also benefits them and lies to the public). Here are some links on this subject for further research: American Bankers Association criticises IASB and FASB – www.risk.net Adoption of new Financial Reporting Standard challenging – biz.thestar.com.my Mark-To-Market Rules Eased – A Good Change For Banks – Mark-To-Market Rules Eased – A Good Change For Banks The Fed At The Heart Of Control Of Our Country – theinternationalforecaster.com Mark-to-Market Accounting Scapegoat for the Financial Crash – www.marketoracle.co.uk Blog opinion 1 – ctchoolaw.blogspot.com Blog opinion 2 – www.jrdeputyaccountant.com

Tags: Banks, From, MarktoMarket, marktomodel