Browse By:

Wednesday September 18, 2019 Login |Register

A Project of

sponsored by

Mark-to-Market Accounting: Shooting Ourselves in the Foot

Bookmark and Share Report Misuse or Glitches

Publication Date: March 2009

Publisher(s): National Center for Policy Analysis (U.S.)

Author(s): Robert McTeer

Topic: Banking and finance (Investments and securities)
Business (Accounting)
Business (Business operations and practices)

Keywords: mortgage; FASB; financial crisis; subprime

Coverage: United States


One of the main causes of the 2008 financial crisis and current recession was subprime mortgages, which are home loans to borrowers with low credit scores, little or no down payment and high levels of debt. These borrowers have a higher risk of defaulting on their loans and are usually charged higher interest rates.


View Publication