Morgan Stanley, too, is expected to report a loss on April 22nd, largely thanks to having to mark-to-market its own debt, which has become more expensive.

ECONOMIST: Banks

Some say a solution is to suspend the mark-to-market accounting rules that have caused the cascade of write-downs in the first place.

FORBES: Credit Crisis

To work our way out of the current morass, it will be necessary to relax the mark-to-market rules for banks on valuing the assets that need to be taken off of their balance sheets.

FORBES: The Croesus Chronicles