FASB Change to FAS 157 at odds with Geithner’s Plan
This week the FASB is considering relaxing the mark-to-market accounting rule, which would seem to undercut the US Treasury Department’s plan to help banks fix their balance sheets by ridding themselves of the so-called “toxic assets.” FASB Change to FAS 157 As a taxpayer, I’d have to say that I prefer the FASB’s approach to
April 1, 2009
