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IPFS News Link • Obama Administration

Robert Rubin says Mark-to-Market has “done a great deal of damage.”

1-29-09 • Bloomberg.com

“Mark-to-market accounting has done a great deal of damage,” Rubin said. “For a lot of financial institutions we should move to something that is more similar to reserve accounting. That will be a very controversial matter.”

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Reported By Jack Gregson

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