Centerline Holding Co (fka CLNH)

[hang ten]

Centerline and mark to market...

"The Company’s shareholders’ equity declined significantly from $540.6 million at December 31, 2007 to negative $867.5 million at December 31, 2008. The decrease was due primarily to the declining fair values of investments that are marked to market each reporting period, principally held by the funds we manage and consolidated due to FIN46. As the markets for many of these investments have continued the trend begun last year and become less liquid during 2008, the decline in fair value has resulted in significant unrealized losses that reduce shareholders’ equity. "

Any revision of the m2m accounting policies would be significant for CLNH imo.