“tangible common equity” ratios – Questioning Wall Street’s Favorite Bank Benchmark – …  But a few holdouts — including Warren Buffett, perhaps the nation’s most famous investor — are suggesting this fascination is overdone. … – DealBook NY Times
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Mark to Market Accounting Is Still Out Of Control And Is Spreading To Main [...]

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Andrew Davidson Industry Insight – Proposed FSP FAS 157-e – Fair Value accounting is built upon the ideas of efficient markets theory that prices reflect all available information about a security. Thus the value of a security is reflected in its price. In that framework, market price is the best measure of Fair Value. [...]

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FAS 157   good read – DvD Insights – The Biggest Mistakes in Valuation for FAS 157 and Financial Reporting – Author: Donald R. van Deventer -  has 7 ways the street takes customers for a ride.  My favorite is number 4.  – BC – riskcenter.com
————Are ‘Mark-to-market’ Accounting Rules on the Mark? [...]

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from Victor Hong: Great overview for how VAR failed, forcing market risk to take a back seat to valuation risk.   – thanks Victor! -    Is Your Value at Risk from Value-at-Risk?  – Beware… Author: Donald R. van Deventer – … First of all, there are three principal variations of VAR technology, and they have [...]

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