"Mark-to-market accounting is the principle reason why our financial system is in a meltdown. The destructiveness of mark-to-market -- which was in force before the Great Depression -- is why FDR suspended it in 1938. It was unnecessarily destroying banks."
Friday, March 6, 2009
Sometimes, the details matter...
Steve Forbes Says Barack Obama's Economic Policy Repeats George W. Bush's Mistakes:
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