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1 Apr 2009, 8:20 am
According to the WSJ, the Financial Accounting Standards Board (FASB) is changing its mark-to-market rules tomorrow, "allowing banks to set their own values for certain hard-to-value troubled mortgages, corporate loans and consumer loans...The change was meant to assist U.S. banks after bankers complained current mark-to-market accounting rules forced them to undervalue their assets, by setting prices at deeply discounted, fire-sale values. [read post]
31 May 2008, 8:11 pm
In June, we will be marking the fifth anniversary of the U.S. [read post]