Will The SEC Suspend Mark-To-Market Accounting Rules?
Posted on September 21, 2008 at 22:15 PM EDT
A report coming over the wires this evening… [...]The Financial Services Roundtable is pushing for key refinements to the Treasury’s market rescue proposal. It’s calling for the Securities and Exchange Commission to suspend mark-to-market accounting rules for all mortgage related assets, even if temporarily. It wants to ensure the government bid for assets does not count [...]