An article by Thomas Borman, Of Counsel for the Maslon Law Firm, was featured in the April 5, 2009, edition of the Minneapolis Star Tribune. Borman is an owner-director of Tradition Capital Bank and served as Minnesota Commerce Commissioner in 1990-1991. His article, "Common Sense Prevails on Mark to Market," appeared in the Business Forum section and examines the implications of the recent rule changes approved by the Financial Accounting Standards Board (FASB).
Borman states, "With our banking system in crisis, credit largely unavailable, and the government throwing trillions of dollars at our economy in the hope that something will work, the FASB clarifications adopted Thursday are both a low-risk and low-cost policy tool that can be implemented quickly and have an immediate impact on bank capital."
To view the full article, go to: Common Sense Prevails on Mark to Market