Mark-to-Market Accounting Problems

Witnesses testified about mark-to-market accounting rules, and whether they exacerbated the current financial crisis. The standard… read more

Witnesses testified about mark-to-market accounting rules, and whether they exacerbated the current financial crisis. The standard requires companies to value assets they hold at current market values. For assets that are frozen and have a diminished current market value but may recover value in the future, the standard has proven problematic. Companies are then forced to write-down billions in assets, which can lead to further write-downs elsewhere. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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  • Kevin J. Bailey Deputy Comptroller Office of the Comptroller of the Currency->Large Bank Supervision
  • Thomas Bailey Chairman National Association of Home Builders
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Mark-to-Market Accounting Problems

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Program ID:
284594-1
Category:
House Committee
Format:
House Committee
Location:
Washington, District of Columbia, United States
First Aired:
Mar 12, 2009
Last Aired:
Mar 17, 2009

Airing Details

  • Mar 12, 2009 | 8:07pm EDT | C-SPAN 3
  • Mar 12, 2009 | 11:30pm EDT | C-SPAN 2
  • Mar 13, 2009 | 5:49am EDT | C-SPAN 2
  • Mar 17, 2009 | 3:59pm EDT | C-SPAN 3
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Mark-to-Market Accounting Problems

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