International Investing

Remember all the criticism Enron took over doing just this (after getting permission from the SEC by the way)? Now the Bank of England is encouraging it:

While market-based estimates and the write-downs announced by firms may be unduly pessimistic, if such concerns persist there is a risk they could become self-fulfilling.

[...]

In that environment, firms may find that previous mark-to-market loss estimates have been overstated and some writebacks of reported losses may occur.

So instead of marking-to-market, you can just mark to anything you feel like…