Tuesday, September 30, 2008

Accounting reforms are coming

The SEC and FASB have indicated they are going to support liberalizing strict mark-to-market accounting rules and that could go a long way to alleviating the pressures on many banks that are holding distressed subprime securities. This is a "bailout" that works simply by injecting some common sense into the problem. Excellent!

1 comment:

CDLIC said...

Wow! Common sense from politicians and bureaucrats: What an anomaly!

Dazed and yet amazed in Dana Point,