Jonathan Weil says the press hasn't noticed, but accountants are standing up to bankers on...

Jonathan Weil says the press hasn't noticed, but accountants are standing up to bankers on mark-to-market, big time: The FASB plans to ensure assets are recorded at fair value each quarter - even loans. Goodbye to held for investment, held to maturity, held for sale.

Comments

[Tom Au, CFA]

The bankers don't want the truth to be told, because the truth is too bad to tell!

[User 344830]

I'm sure that will last. Who pays the accounting firms to audit their books?