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Mark to market

Rule change lets banks set the value of their own toxic assets

by Constantine von HoffmanApril 2, 2009 Bailout

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Financial Accounting Standards Board (FASB) has approved a new set of rules allowing financial firms to fiddle with how big their real-estate losses are.
The change is in mark-to-market accounting rules, which say companies must value assets at prices [...]

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