Industry leaders blast FASB mark-to-market rule change
A new high-profile investor advocacy group is taking serious issue with the Financial Accounting Standards Board for giving banks more leeway in valuing toxic assets.
A new high-profile investor advocacy group is taking serious issue with the Financial Accounting Standards Board for giving banks more leeway in valuing toxic assets.
Norwalk, Conn.-based FASB yesterday approved controversial rule changes that allow banks more freedom to use their own valuation me
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