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Real Estate & Property Law

: Housing Wire

Levitt: Proposed Accounting Changes Will ?Obscure? Impairments

By PAUL JACKSON

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Former Securities and Exchange Commission chairman Arthur Levitt fired a strong volley Thursday morning against the so-called mark-to-market lobby in a Washington Post op-ed, saying that proposed changes to key accounting rules governing the valuation of distressed assets would “obscure” and potentially “bury” the full extent of impairments on bad loans and ill-advised investments made [...]

Full post as published by Housing Wire on March 26, 2009 (boomark / email).

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