FDIC Chairman Bair Defends Extend and Pretend

With regulations blatantly ignoring current rules required by the banking sector and free enterprise with CRE continuing to be absolutely stifled, the question that I keep thinking as the average Joe broker is – “Why are we tolerating this? Why is there not an uproar?” Sheila Bair is doing nothing but blowing off excuses...read full article

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.
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