Banks scored a win yesterday as the Federal Accounting Standards Board backed off on attempts to force them to calculate their loan values using marke...
washpost.bloomberg.com | Jonathan Weil | Posted 05.25.2011
Last week Bloomberg News reported that the American Bankers Association had started a campaign to mobilize investors against an accounting-rule propos...
Reggie Middleton | Posted 05.25.2011
The year 2009 was the year of reflation theories and bubble blowing. Theses of "Green Shoots", catching the bottom, and QE reigning supreme...
Stuart Whatley | Posted 05.25.2011
As long as banks are allowed to continue denying the true toxicity of their toxic assets, the longer the current financial impasse will continue.
HuffingtonPost.com | Jason Linkins | Posted 05.25.2011
Do you ever get the feeling that as your media professionals "explain" why the "financial system" seems to be "crapping its pants in public" that thei...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
The top Democrat and Republican on the House Financial Services Committee both spoke out favorably Thursday about new mark-to-market accounting guidel...
Reuters | Posted 05.25.2011
WASHINGTON (Reuters) -- U.S. accounting rulemakers on Thursday agreed to make adjustments to a proposal to change mark-to-market accounting rules conc...
Huffington Post | Julie Satow | Posted 05.25.2011
A vote is scheduled Thursday on a proposed accounting rule change that could undermine the Treasury's toxic asset plan, the Wall Street Journal report...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
The Financial Accounting Standards Board quietly buckled to banking-industry pressure last week and proposed new accounting practices that would allow...
HuffingtonPost.com | Ryan Grim | Posted 05.25.2011
Before financial institutions have collapsed over the past several months, they have come to the Financial Accounting Standards Board, pleading for a ...
Reuters | Rachelle Younglai | Posted 05.25.2011
WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is not planning to suspend the controversial mark-to-market accounting rule that ha...
The Huffington Post | Amy Lee | Posted 05.25.2011