On the eve of FASB's vote on hastily written amendments to fair-value standards, Damien McElvanna took to the streets to make his displeasure heard. In a crisply-pressed suit and lurid yellow tie, the recently laid-off Citigroup analyst marched through the heart of London's financial district with a placard carrying a simple, striking message: "MARK TO MARKET".
As it happens, his protest coincided with the major anti-war, anti-capitalism protests that raged yesterday as leaders from the G20 nations met in the British capital. He cut an unusual profile amidst the throng, which is perhaps what attracted a New York Times reporter on the scene. McElvanna gets a rather incongruous mention in the reporter's roundup from the protests, described as a "brief but brutal spasm of violence that reflected a widespread anticapitalist fervor."
This being 2009, McElvanna's Twitter account is now common knowledge. He seems ambivalent about the "fervor" he experienced yesterday, according to message broadcast during the march: "preparing to smash the military industrial illusion of democracy though may hedge [my] bets and finish the CFA just in case."
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