- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: "Mark To Make Believe"
Posted on 3/4/09 at 10:49 pm to kfizzle85
Posted on 3/4/09 at 10:49 pm to kfizzle85
quote:
I think you would see a minimal rally followed by further obfuscation of balance sheets, and increased investor skepticism. I see the argument/disadvantage to some mark to market related things, although I still believe that is an auditor/enforcement issue as opposed to a pure statement issue. I almost wish they would change it just to show that changing it now makes almost no difference.
Some of the traders interviewed on CNBC today were expecting a surge in financials with relaxation of M2M. It’s anyone guess.
I have not kept up with disclosure requirements around the impaired assets, but my guess is that this reporting needs to be expanded. For example, I believe Allstate’s write-down of its investment portfolio was in the $16B range, nearly four times larger than its Katrina losses which were approximately $4B. Regardless of what is decided with M2M, I doubt that readers of financial statements will have adequate information on asset values to make sound investment decisions. Investor uncertainty will not help the market.
Posted on 3/4/09 at 11:09 pm to Edge
quote:
I doubt that readers of financial statements will have adequate information on asset values to make sound investment decisions. Investor uncertainty will not help the market.
With you on that.
Popular
Back to top
Follow TigerDroppings for LSU Football News