Mark-to-Market is Not as Simple For Banks as is Assumed
Cato Institute co-founder Ed Crane and I have been discussing mark-to-market accounting for banks in the aftermath of SVB’s troubles. Crane is not seeking force on the matter, but does think mark-to-market would render bank balance sheets credible where they’re presently not. My response is that regardless of what banks do, investors strive to mark to market.
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