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Move to Ease 'Mark' Rule May Subvert Treasury Plan - Wall Street Journal

by @ 8:41 pm on March 31, 2009.

Stock Traders Daily

Move to Ease 'Mark' Rule May Subvert Treasury Plan
Wall Street Journal
The change was meant to assist US 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. Once the new accounting rule takes effect, ...
Mark-to-Market Lobby Buoys Bank Profits 20% as FASB May Say Yes Bloomberg
US accounting board signals overhaul of fair-value rules The Age
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