The coreporate well-being of GMG and other REITS was effected by our accounting rules which now are international.
The general effect of this is transparency
Mark to Market is fine when there is a functioning market........but it is NOT when there is no market.
Then skittishness prevails .
Now some developments..............
"U.S. FASB proposes more leeway on mark-to-market Mon Mar 16, 2009 9:32am EDT
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WASHINGTON, March 16 (Reuters) - The Financial Accounting Standards Board, which sets U.S. accounting rules, on Monday proposed allowing companies to exercise more judgment in determining if a market for an asset is active and if a transaction is "distressed."
FASB put the proposals out for comment, with the hope of having the mark-to-market accounting guidance approved in time for companies to use it when preparing their first-quarter financial reports.
Board members said the guidance could help boost fair values, or mark-to-market values, and get investors more interested in U.S. banks. (Reporting by Karey Wutkowski; editing by John Wallace)
GMG Price at posting:
32.7¢ Sentiment: Hold Disclosure: Held
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