Zohran Mamdani’s Bold Program for an Affordable New York City
In a shocking upset, socialist Zohran Mamdani bested former governor Andrew Cuomo in the June 24 New York City mayoral
"Mark to market" is one of those confusing terms that's been thrown around discussions of the finance meltdown. It's basically an accounting rule that means that a company has to put value certain assets on its balance sheet (in other words, to "mark") at what the market says their worth.
Steven Pearlstein at the Washington Post has a nice description of the term, why getting rid of it has become an obsession of the anti-regulation crowd, and a sensible proposal: