thannagan

Securities and Exchange Commission and Mark to Market Changes

Graupma, because of 157 and SOX, the baby has been (and continues to be) thrown out with the bath water. 157 is okay if there's a market. Sans a market, you must divide by zero, which doesn't work well at all. I thought TARP was supposed to help create a market for some of these frozen instruments, but apparently that got sidelined.