Financial Markets

Led by Sec Hank Paulson(Treasury), Ben Bernanke(Federal Reserve), Chris Cox(SEC), many institutions are working to resolve the problems related to mortgage related assets. This letter from the SEC is an example:

Sample Letter Sent to Public Companies on MD&A Disclosure Regarding the Application of SFAS 157 (Fair Value Measurements)

In March 2008, the Division of Corporation Finance sent the following illustrative letter to certain public companies identifying a number of disclosure issues they may wish to consider in preparing Management’s Discussion and Analysis for their upcoming quarterly reports on Form 10-Q.

Read the full letter here.