Mark-To-Market Accounting…Is this system to blame for our financial crisis?

Okay Peachtree City, I heard all kind of scuttle-butt related to President Obama’s take on correcting the financial structure of our country and supposedly suspending this system.  Now I know your next question will be, “What the heck is Mark-to-Marketing and how is it related to our current financial crisis?  Remember Enron and Worldcom and a host of other unscrupulous companies that bilked investors out of billions.  Yeah, somebody cooked their books!  Unfortunately not to many folks knew how.  But the real question here may be, “Could our financial meltdown be pinned down to something as simple as an obscure accounting rule?”