Fair value accounting and the subprime mortgage crisis
id:
fair-value-accounting-and-the-subprime-mortgage-crisis-197-2716772
title:
Fair value accounting and the subprime mortgage crisis
text:
The role of fair value accounting in the subprime mortgage crisis of 2008 is controversial. Fair value accounting was issued as US accounting standard SFAS 157 in 2006 by the privately run Financial Accounting Standards Board (FASB)—delegated by the SEC with the task of establishing financial reporting standards. This required that tradable assets such as mortgage securities be valued according to their current market value rather than their historic cost or some future expected value. When the
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Fair_value_accounting_and_the_subprime_mortgage_crisis
date created:
date modified:
2023-12-10T09:36:06Z
main entity:
{"identifier":"Q5429980","url":"https://www.wikidata.org/entity/Q5429980"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/f/fc/Subprime_crisis_-_Foreclosures_%26_Bank_Instability.png","width":960,"height":720}
fields total:
13
integrity:
14