Archive for October 15th, 2009
Memories of mark-to-market
15 October 2009It could be a new name of a sauce made by President’s Choice, but the raft of blow-out U.S. bank earnings this week justifiably turns the mind to “Memories of mark-to-market”. How long ago was it that our accounting Lords decided that M-T-M was the way to go? Not very long at all.
Did [...]