N********n
发帖数: 8363 | 1 The Financial Accounting Standards Board has proposed new rules under which
banks and other lenders would be required to use mark-to-market accounting.
Banks would have to report both the fair value and amortized cost of loans
and some other financial assets and liabilities on their balance sheets
under the new rules. Changes in fair value would, in most cases, be
recognized in other comprehensive income and could cause swings of billions
of dollars in the book values for the biggest lenders.
So | r****d
发帖数: 239 | 2 haha, liked your translation.
Although, the ABA does has its point. it's not easy to mark to market when
the market is not stable. Enhanced disclosure should be the first step. | N********n
发帖数: 8363 | 3
The funny thing is they never bothered to mark it down a little during
the glorious 2003-06 days, "Wait, maybe our book is a little overvalued.
Instead of marking to current market value, let's mark it differently."
They all marked to market at the height of bubble to maximize their bonus.
Then "BANG"!! 2008 came along and all of a sudden they started to cry
foul on M2M. HOHO.
【在 r****d 的大作中提到】
: haha, liked your translation.
: Although, the ABA does has its point. it's not easy to mark to market when
: the market is not stable. Enhanced disclosure should be the first step.
| r****d
发帖数: 239 | 4 Good point. they are greedy for sure. Well let's just hope normal
investors like me learned the lesson and watch out for ourselves.
bonus.
【在 N********n 的大作中提到】
:
: The funny thing is they never bothered to mark it down a little during
: the glorious 2003-06 days, "Wait, maybe our book is a little overvalued.
: Instead of marking to current market value, let's mark it differently."
: They all marked to market at the height of bubble to maximize their bonus.
: Then "BANG"!! 2008 came along and all of a sudden they started to cry
: foul on M2M. HOHO.
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