"…commercial real estate loans should not be marked down because the collateral value has declined. It depends on the income from the property, not the collateral value." Ben Bernanke, Feb. 24, 2009
Brian Wesbury makes the point: "It would have been much better for the economy if Chairman Bernanke had been this clear about mark-to-market accounting back in 2008. If he had been, the US might have avoided the Panic of 2008."