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Peter Wallison of the American Enterprise Institute lamented, “Fair value accounting must be fixed, and quickly-not just because of its strongly adverse impact on financial institutions in today’s market but also because it is highly pro-cyclical...
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APPLICATION GUIDANCE

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Peter Wallison of the American Enterprise Institute lamented, “Fair value accounting must be fixed, and quickly-not just because of its strongly adverse impact on financial institutions in today’s market but also because it is highly pro-cyclical...
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abtest

Mark to Make Believe

By Paul Bernard D. Causon | March 3, 2009 - 12:00am

Peter Wallison of the American Enterprise Institute lamented, “Fair value accounting must be fixed, and quickly-not just because of its strongly adverse impact on financial institutions in today’s market...

Business