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Does anybody know what that controversy is about?
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What does marking to market mean? Yep?
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Student: I believe that
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it means that corporations and their accounting rules
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are currently required to value their assets
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at what they would fetch in the market if they were to sell them.
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Right, but you know
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that they've been relieved of this responsibility recently.
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Student: No, I didn't know that.
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Well, so they've been relieved of this responsibility lately.
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Now, why have they been relieved of it?
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Because the thought was that the market was so panicked in the crisis