Letters to the Editor

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"The next time we have Black Monday"
Congress will wring its hands, and taxpayers will foot the bill. A prediction of the consequences of bank deregulation, from 17 years ago.
Andrew Leonard [2008-04-04]

  • What's this "Mark to Market" Thing?

    I watched the Enron documentary, and they mentioned the phrase a few times.

    In that context, I had the impression that Enron was allowed to use some "mark to market" accounting practice to put profits on the books that wouldn't be realized for years or decades.

    Did I misunderstand that? What's the relation to "mark to market" for derivatives?

    (If I should read a book before asking such a question, I'm open for title suggestions.)

    -- blunderdog
    [Read blunderdog's other letters]
    Sunday, April 6, 2008 08:35 AM
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