Marks: Mark-to-market accounting is ‘accelerant’ to financial crisis
In a memo to investors, Oaktree head Howard Marks cites runaway leverage and fair value accounting as primary culprits in a ‘broad-gauged and systemic’ crisis.
In a memo to investors, Oaktree head Howard Marks cites runaway leverage and fair value accounting as primary culprits in a ‘broad-gauged and systemic’ crisis.
Copyright PEI Media
Not for publication, email or dissemination