Monday, May 2, 2011

Split on Standards Set to Widen

Financial Times reports that new proposals on accounting standards could loosen up the tight grip banks have on inventory. This appears to be very positive. Obviously pressure is not coming from the Real Estate Lobby nor from banks nor FDIC. The real pressure could come from equity markets who are having difficulty analyzing the real value of banks without the "mark to market" accounting.
Read the full article here -->

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