SEC continues with mark to market

Discussion in 'Stock Market' started by wimpy77, Mar 10, 2009.

  1. wimpy77
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    wimpy77 Member

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  2. toomuchtime_
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    toomuchtime_ Gold Member

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    On the other hand,


    Bernanke: We need improvements to fair value rules - MarketWatch

    Perhaps it will be suspended.
     
  3. wimpy77
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    wimpy77 Member

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    the sec has the mandate to suspend and from the cnbc article they aren't going to do it. they may make some changes.
     
  4. toomuchtime_
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    toomuchtime_ Gold Member

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    That's probably right. I should have said the rule may be modified, but if it is modified, the fact that there is no market for the derivatives will have the practical effect of lowering the liquid assets reserves the banks carry, and I'm not sure how I feel about that.
     

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