December 5, 2020

Lloyd Blankfein Would Like Everyone to Get with Program Re: Mark-to-Market Accounting

This means you, Steve Schwarzman. And you, writers of FASB hate mail. It’s about time you all got on board.

“We are not moving away from mark-to-market accounting,” Mr. Blankfein said Tuesday. “The more we work with it and live with it the more I wish that everybody else would act in a corresponding way.”

You have your orders.

Goldman to Maintain Accounting Method [WSJ]

This means you, Steve Schwarzman. And you, writers of FASB hate mail. It’s about time you all got on board.

“We are not moving away from mark-to-market accounting,” Mr. Blankfein said Tuesday. “The more we work with it and live with it the more I wish that everybody else would act in a corresponding way.”

You have your orders.

Goldman to Maintain Accounting Method [WSJ]

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