No time to backtrack on fair value accounting
Grant Clelland, Deputy Editor
28 Jul 2008
28 Jul 2008
 |
Friday
05 December 2008
08:17 GMT
The global financial turmoil has brought misery to many investment banks and investors, not to mention pain for just about anyone trying to take out a mortgage in the US or the UK. It has led to an acceleration of the shift in power – both economic and financial – towards the Middle East and parts of Asia, and a load of soul searching about the long- term health of western economies compared with faster growing countries elsewhere.
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