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46 opinion(s) remaining »
Mark-to-market accounting should be suspended.
Suspend “Mark to Market” Accounting
11/1/2008 10:53:40 AM
Do you have evidence of the opinion of Jim DeMint?
Evidence that the opinion of Jim DeMint is:Yes
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Rejected
Approved
From DeMint's Website:
Senator DeMint has outlined a Plan for Economic Growth:
REFORM FAILED GOVERNMENT REGULATION • Suspend “Mark to Market” Accounting: Suspend the mark-to-market regulatory rules for long-term assets. These rules require financial firms to mark assets at current market levels, even where no market exists and any immediate transactions would result in fire-sale prices. Instead of allowing firms to mark these assets to their true economic value, these rules contribute to a downward spiral as firms have to evaluate their assets not on the basis of their long-term investment but rather on a short-term panic.
Posted on 10/29/2008 9:19:38 PM by TMassApproved 11/1/2008 10:53 AM
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