No, I don't support the elimination of mark-to-market accounting. It has been supported by all the major accounting bodies in the western world; FASB in the United States and CICA in Canada support it. It simply argues that assets should be valued at market value, not historic value. So in principle there's nothing wrong with that.
My and others' objection to mark-to-market accounting in a financial crisis is that you have market failure at this moment where the assets cannot be sold at any price. So any price you impose on it for recognition on the balance sheet is arbitrary and, if you will, fictitious. It's not a real market price. To restate it, you cannot establish a market price when we're in a situation where the markets have failed, as we have right now. So the rule has to be applied prudentially and possibly even suspended at this moment, whereas in the States there is no market for many of these assets.