Everyone is having a hard time finding financing in this economy. But what’s not clear is exactly why that’s happening and why it’s worse than it should be. The culprit is mark-to-market accounting.
Challenging economic conditions have industry leaders pondering the current state of affairs and where the nation is headed. Manuel J. Perez de la Mesa, president/CEO of distributor giant PoolCorp in Covington, La., offers some insights.