[ale] [OT][Way OT] Industrial Power Question - Further OT - Oilcompanies

[Jeff Lightner]

Unfortunately you misread:
Mark-to-market is an accounting methodology of assigning a value to a
position held in a financial instrument.

Property is not a "financial instrument" - it is a hard asset (real
estate, equipment etc...).

-----Original Message-----
From: ale-bounces at ale.org [mailto:ale-bounces at ale.org] On Behalf Of Greg
Freemyer
Sent: Friday, February 06, 2009 3:51 PM
To: ale at ale.org
Subject: Re: [ale] [OT][Way OT] Industrial Power Question - Further OT -
Oilcompanies

On Fri, Feb 6, 2009 at 3:21 PM, Jeff Lightner <jlightner at water.com>
wrote:
> What crap!
>
> Book value of capital assets does not increase while they are held.

Unfortunately you are wrong.  Ever heard of "Mark to Market".  Blamed
by many for our financial meltdown.

I can only tell you what wikipedia has to say, but per it, as of Nov.
2007 the rules changed.

http://en.wikipedia.org/wiki/Mark_to_market#FAS_157

I do know that a lot of talking heads were complaining about "mark to
market" back in Sept / Oct because now assets MUST be valued at "fair
market value" in a lot of cases and with real estate values dropping
it was devastating banks.

Isn't it great to know this one little regulation change may have
triggered the entire collapse of our financial industry.

Greg
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