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Banks Score Big Victory On Accounting Rules

The Huffington Post | Amy Lee | Posted 05.25.2011 | Business

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...

'Stealth Bankers Bomb As Anti-Reform Crusaders'

washpost.bloomberg.com | Jonathan Weil | Posted 05.25.2011 | Business

Last week Bloomberg News reported that the American Bankers Association had started a campaign to mobilize investors against an accounting-rule propos...

It's Official: The US Housing Downturn Has Resumed in Earnest

Reggie Middleton | Posted 05.25.2011 | Business
Reggie Middleton

The year 2009 was the year of reflation theories and bubble blowing. Theses of "Green Shoots", catching the bottom, and QE reigning supreme...

It's Like Trusting A Drug Addict To Arrange His Own Intervention

Stuart Whatley | Posted 05.25.2011 | Politics
Stuart Whatley

As long as banks are allowed to continue denying the true toxicity of their toxic assets, the longer the current financial impasse will continue.

Jason Linkins

CNN Parrots Dubious Wall Street Talking Points On "Mark-To-Market"

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Media

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...

Mark-To-Market Accounting Changes Made

Reuters | Posted 05.25.2011 | Business

WASHINGTON (Reuters) -- U.S. accounting rulemakers on Thursday agreed to make adjustments to a proposal to change mark-to-market accounting rules conc...

Ryan Grim

Frank And Bachus Applaud Mark-To-Market Rule Change

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

The top Democrat and Republican on the House Financial Services Committee both spoke out favorably Thursday about new mark-to-market accounting guidel...

FAS 157-e: Accounting Change Could Undermine Treasury's Toxic Asset Plan

Huffington Post | Julie Satow | Posted 05.25.2011 | Business

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...

Ryan Grim

New Rule Would Allow Banks To Choose Values Of Their Assets

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

The Financial Accounting Standards Board quietly buckled to banking-industry pressure last week and proposed new accounting practices that would allow...

Ryan Grim

Regulator: Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Politics

Before financial institutions have collapsed over the past several months, they have come to the Financial Accounting Standards Board, pleading for a ...

Reuters: SEC's Mark To Market Won't Be Suspended

Reuters | Rachelle Younglai | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is not planning to suspend the controversial mark-to-market accounting rule that ha...