Free Republic 1st Qtr 2026 Fundraising Target: $81,000 Receipts & Pledges to-date: $5,802
7%  
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Keyword: accountingrules

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  • FASB poised to give firms leeway in valuing assets

    04/01/2009 10:10:38 PM PDT · by IDRATHERNOT · 6 replies · 552+ views
    AP via Google ^ | By MARCY GORDON – 1 hour ago
    The board that sets U.S. accounting standards is expected to ease rules that force banks to value assets at current prices, allowing them to reduce their losses on paper. In a twist, though, the expanded leeway for financial institutions could undercut the government's new financial rescue program in which it is joining with private investors to buy up about $500 billion in toxic assets from banks, some experts say. The fraud will continue and the markets will be up huge tomorrow....