'mark-to-market' A Stiff Standard For Banks' Accountability

L.A. Times - Business, Los Angeles Times: Business
Mon, 03/23/2009 - 12:00am

Current accounting rules play a role in outsize losses, but a change would have unknown effects. Given the degree to which the angst and anger about the economy is based on the public's confusion about the financial world -- just what is a "retention bonus" anyway? -- this might be the right moment to focus on something simple.

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'mark-to-market' A Stiff Standard For Banks' Accountability

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