JCC

FASB Unlikely to Suspend Mark to Market

It is ridiculous to use Mark-to-Market in lockstep to a crashing market. Perhaps something like a one year moving average would be better. Marking assets down with a crashing market is absurd. Marking them down, when you expect them to stay down is reasonable.

If we get out of this mess, many assets will recover. Mark-t0-Market has caused panic selling and added to the overall decline.