dixie

FASB Unlikely to Suspend Mark to Market

Fair value accounting as promolgated by FASB and the FDIC is a misnomer.
There is nothing either intrinsically "fair" or representative of "value" about it. Both of these two groups are out of touch with reality and too often appear to have their respective heads where the sun doesn't shine.

A DCF model is both fair and realistic irrespective of the ups and downs of the economy.