Tuesday, February 24, 2009
I have made this prediction before and have seen nothing at all to make me believe that I am correct. Nonetheless I continue to believe that it will happen (and will be a good thing in a very perverse way). We will suspend the mark to market rules (FASB 157 and FASB 105). I am not going to reiterate here why I think this will be done or why I think it should be - just want to reiterate the prediction.