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Friday, February 20, 2009

FASB to Adress Mark-to-Market Changes

In a little noticed story earlier this week, FASB Chairman Robert Herz announced that FASB will release new guidance related to mark-to-market accounting later this year, the first of which will be available by the end of the second quarter.

That's good news, but I wonder whether there will be any banks left at that point that aren't under the ownership of the government.