Fairvalue #197 Fair Value Accounting Standards

http://www.sec.gov/spotlight/fairvalue.htm fairly reflect the value of companies or particular assets. Moreover, mark-to-market accounting does not even purport to value the entirety of a bank��� balance sheet. Is there a way to have our cake and eat it too? Can we have a system that reflects market pricing while not eradicating earnings and masses of capital when the markets swing in one direction or another or are in disarray? I believe the historical-cost accounting model, which is the cornerstone of Generally Accepted Accounting Principles, accomplished these objectives exceptionally well for decades before we decided to experiment with mark-to-market accounting. Under historical-cost accounting, marketable