Yeah!We cannot compromise our principles and commitment.
The WallStreet Journal, questions a double-minded attitude of some bank CEOs, as stated below:
"Relax regulatory capital rules if need be, but don't let banks hide the truth. Mark-to-market (MTM) accounting is under fierce attack by bank CEOs and others who are pressing Congress to suspend, if not repeal, the rules they blame for the current financial crisis. Yet their pleas to bubble-wrap financial statements run counter to increased calls for greater financial-market transparency and ongoing efforts to restore investor trust."
Should the MTM be abolished? What do you think?
