Bob Chapman explains Mark-to-Market changes in 2010

Bob Chapman explains the changes that are coming to banks in regard to mark-to-market rules. As of now, 11-24-09, mark-to-model rules are being used for reporting, which means banks can say a property is worth whatever they think it's worth, misleading investors and the public of their true worth. Chapman explains that in 2010 these rules are changing back to mark-to-market accounting, which means the "true" value will be revealed on their books since it is a "current" value of the assets.

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economic collapse bank failures mark to market mark to model gold bullion financial crisis bank assets