Maxims applied: Cash is King. Everything else is Accounting - Why Mark to Market is an inherently flawed valuation system.
Posted on: 17-Mar-2009
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The Federal Accounting Standards Board, AKA: FASB, has done it again. After having killed innovation in technology they went on to create Mark to Market, which sped the demise of Wall Street and America’s banking system. Now it sounds like a great idea, but that assumes you can reliably price assets. I explain why this is never the case and how it is hurting the banks and America's tax payers.
weQuest's are written by G Dan Hutcheson, his career spans more than thirty years, in which he became a well-known as a visionary for helping companies make businesses out of technology. This includes hundreds of successful programs involving product development, positioning, and launch in Semiconductor, Technology, Medicine, Energy, Business, High Tech, Enviorntment, Electronics, healthcare and Business devisions.