Tuesday, September 30, 2008
Statement by McCain-Palin senior policy adviser Doug Holtz-Eakin on the SEC's plan to relax mark-to-market accounting requirements: [Rich Lowry]
Here it is:
"John McCain is pleased to see that the SEC has finally decided to permit alternative accounting methods to mark-to-market accounting for securities where no active market exists. There is serious concern that these accounting rules are worsening the credit crunch, making it difficult for small businesses to stay afloat and squeezing family budgets. In March, John McCain called for a meeting of accounting professionals to discuss whether mark-to-market accounting was magnifying problems in the financial markets."
09/30 06:28 PM
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