(Running Out the Clock) When a subcommittee of the House Banking Committee held hearings on mark to mark accounting, Congressional intent was very clear. Either the Financial Accounting Standards Board (FASB) make some common- sense changes or Congress would do it through legislation. Those hearings were held on Thursday, March, 12. FASB met the following [...]
Here's an interview I did with Vinny Catalano (President and Global Investment Strategist with Blue Marble Research) on mark to market, the Geithner plan, Keynes' paradox of thrift and the Fed's balance sheet. [Bob McTeer Financial Crisis Interview]
Yesterday I was on CNBC's Closing Bell with Brian Wesbury to discuss the Treasury's new plan to form public-private partnerships to buy toxic assets from financial institutions. We agreed that reforming mark to market would be just as effective. See the video clip here: [Bob Mcteer on Mark to Market]
Here is the text of a speech I gave recently to a group of investors in Hong Kong… It's good to be back in Hong Kong, the poster child for free enterprise and a stable currency. My first visit was to speak at a conference on currency boards, at the Hong Kong Baptist University. How [...]
During last Thursday's hearings by the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises on market to market accounting, the most impressive verbal and written testimony for my money was William Isaac's. Bill gave me permission to share his testimony with you here.
Yesterday (Thursday, March 11) I testified on mark to market accounting before the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, a Subcommittee of the Committee on Financial Services. Here is a copy of my testimony. During the hearing, Representative Spencer Bachus, Ranking Member of the parent Committee recommended my blog post, “My Mark-to-Market [...]
My post last Wednesday announced I would be a guest host on CNBC's Squawk Box. For those who missed it, the CNBC video clip can be found here. The full video (excluding commercials) has been uploaded to the NCPA website and can be accessed here.
On January 22, 2009 I posted a letter from Alan Greenspan on the inappropriateness of mark to market accounting for the commercial bank business model [click here]. I also quoted from a recent report issued by Paul Volcker on the same subject. For your convenience I'm posting two other pertinent letters on the subject: One by Treasury [...]
I'm scheduled to be on CNBC's Kudlow Report tonight around 7:20 Eastern; 6:20 Central. We will be discussing Mark to Market. For general information about The Kudlow Report go here. [In case you missed it, here's the video footage. Click here.]
Here are three interviews I did March 9, 2009 at the World Money Show Orlando. Click on the links to view the clips: Extreme Measures Are Needed Evils of Mark to Market Stimulus Efforts Need Focus