Done gone viral...
The only way we can bring sanity back to the credit and stock markets is by restoring public trust. And to do that, we must improve the quality, accuracy, and relevance of our financial reporting. This means resisting any calls to repeal the current mark-to-market standards. And it also means expanding the requirement to the securities positions and loan commitments of all financial institutions.
From the WSJ. And its co-authors...
..Mr. Levitt was chairman of the Securities and Exchange Commission from 1993 to 2001. Mr. Turner was SEC chief accountant from 1998 to 2001.
That's a byline to trust.
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