Mark-To-Market Manipulation Hides $90 BILLION Losses For UK Banks

- Mark-To-Market Manipulation Hides $90 Billion Losses For UK Banks (ZeroHedge, March 12, 2013): Some have attributed the resurrection of the financial markets (or more appropriately the banks) from the March 2009 lows to the IASB/FASB changes to factual to fantasy accounting. The Telegraph reports today that from PIRC’s and the Bank of England’s Financial [...] continue reading world news