FAS 157

  • News

    Inability To Lie, Conceal Seen As Detrimental To Public Firms

    We would think most people would apply healthy doses of skepticism to any measure that reduces information, limits disclosure, or (worse) injects falsehoods into a market system. So it continues to puzzle us when normally rational and at least moderately intelligent looking people blithely gaze in another direction when told they are going to be […]

    / Oct 2, 2008 at 10:03 AM
  • News

    From Mark-To-Market To Fair Value

    The debate over mark-to-market accounting rages on. The accounting standard known as FAS157 has been criticized by some bankers, notably Blackstone Group chief Steve Schwarzman, for needlessly causing big write-downs and encouraging financial panic. It’s defenders include Goldman Sachs, which pointedly left the Institute for International Finance in June, a banking lobby group, over the […]

    / Aug 6, 2008 at 2:46 PM

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