What Uncle Sam Could Have/ Should Have Done in the 2008 Financial Crisis – by Rick Baron

In 2002, shortly after the Enron, Worldcom and other corporate debacles, our political leaders passed the Sarbanes-Oxley Act to try to prevent another Enron-type scenario from happening again. A critical component of the Act was the “Mark-To-Market Rule” which required that any publicly held corporation that had marketable securities (assets) on its books must value [...]

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