{"id":157,"date":"2008-12-31T01:34:42","date_gmt":"2008-12-31T00:34:42","guid":{"rendered":"http:\/\/www.pauljorion.com\/blog_en\/?p=157"},"modified":"2008-12-31T01:34:42","modified_gmt":"2008-12-31T00:34:42","slug":"report-and-recommendations-pursuant-to-section-133-of-the-emergency-economic-stabilization-act-of-2008-study-on-mark-to-market-accounting","status":"publish","type":"post","link":"https:\/\/www.pauljorion.com\/blog_en\/2008\/12\/31\/report-and-recommendations-pursuant-to-section-133-of-the-emergency-economic-stabilization-act-of-2008-study-on-mark-to-market-accounting\/","title":{"rendered":"Report and Recommendations Pursuant to Section 133 of the Emergency Economic Stabilization Act of 2008: Study on Mark-To-Market Accounting"},"content":{"rendered":"<p>The SEC (Securities &#038; Exchange Commission) along with the OCC (Office of the Comptroller of the Currency) have just released their <a href=\"http:\/\/www.sec.gov\/news\/studies\/2008\/marktomarket123008.pdf\">report on the valuation of financial products (<i>Fair Value<\/i>)<\/a>. <\/p>\n<p>The subject is what I discussed in <a href=\"http:\/\/www.pauljorion.com\/blog\/?p=153\">\u00ab Juste prix \u00bb et \u00ab juste valeur \u00bb<\/a> and in <strong> L\u2019implosion. La finance contre l\u2019\u00e9conomie: ce que r\u00e9v\u00e8le et annonce la &#8220;crise des subprimes&#8221;<\/strong> (Fayard 2008: 188-202). The issue is the following: firms have requested that <em>Marked-To-Market<\/em> accounting is suspended for the time being as they regard current circumstances as exceptional and prices &#8220;unrealistically&#8221; depressed, too far removed in any case from their &#8220;true value&#8221;.<\/p>\n<p>The report is bulky (255 pages) but its subject being pricing &#8211; my special expertise as a financial engineer &#8211; I will analyze it in depth and post a brief summary of my observations as a forthcoming blog. <strong>Should the full analysis be of interest to you as a financial establishment or a consultancy, please let me know <\/strong>(<a href=\"mailto:pauljorion@ucla.edu\">pauljorion@ucla.edu<\/a>).  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC (Securities &#038; Exchange Commission) along with the OCC (Office of the Comptroller of the Currency) have just released their <a href=\"http:\/\/www.sec.gov\/news\/studies\/2008\/marktomarket123008.pdf\">report on the valuation of financial products (<i>Fair Value<\/i>)<\/a>. <\/p>\n<p>The subject is what I discussed in <a href=\"http:\/\/www.pauljorion.com\/blog\/?p=153\">\u00ab Juste prix \u00bb et \u00ab juste valeur \u00bb<\/a> and in <strong> L\u2019implosion. La finance [&hellip;]<\/strong><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","footnotes":""},"categories":[5,6,11],"tags":[],"class_list":["post-157","post","type-post","status-publish","format-standard","hentry","category-economy","category-finance","category-subprime"],"_links":{"self":[{"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/posts\/157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/comments?post=157"}],"version-history":[{"count":3,"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/posts\/157\/revisions"}],"predecessor-version":[{"id":160,"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/posts\/157\/revisions\/160"}],"wp:attachment":[{"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/media?parent=157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/categories?post=157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pauljorion.com\/blog_en\/wp-json\/wp\/v2\/tags?post=157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}