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In Reply to: RE: The crux of the matter is this Ivan... posted by Jim Pearce on November 06, 2009 at 17:29:17
Seem to recall that FASB, under pressure form congress, already changed the way bank valued their assets.
Remember the controversy a year and a half ago on "mark-to-market" vs. "hold-to-maturity" accounting?
I really don't care what formula they use to value bank assets, they can do whatever the decide, but they must not be allowed to change the method just because of changes in market conditions.
Boats and Fish!
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