The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way.
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"The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way." — Stephen A. Schwarzman
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The concept of fair value accounting is correct and useful, but the application during periods…
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The concept of fair value accounting is correct and useful, but the application during periods of crisis is problematic. It's another one of those unintended consequences of making a rule that's supposed to be good that turns out the other way. — Stephen A. Schwarzman
About Stephen A. Schwarzman
Stephen A. Schwarzman was a Businessman from United States (1947–present).
Frequently Asked Questions
Who said "The concept of fair value accounting is correct and useful, but the application…"?
This quote is attributed to Stephen A. Schwarzman, a Businessman from United States.
When did Stephen A. Schwarzman live?
Stephen A. Schwarzman lived from 1947 – present.