Don't Blame The Accounting

washingtonpost.com — Financial companies and their allies are claiming the rules by which they value their assets—known as "mark-to-market accounting—are too strict. This week the Securities and Exchange Commission is examining those rules amid claims that by forcing companies to value complex, illiquid securities at artificially low market prices, U.S. and world financial systems were unnecessarily crippled. But the SEC shouldn't allow this accounting rule to be the scapegoat.

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