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« Bailout News CNBC Video: Mortgage Crisis Will Get Much Worse In Coming Months. With Fair Isaac (FICO) CEO Mark Greene | Main | Bailout Video The Daily Show Complete Interview: Jon Stewart Vs. Jim Cramer And CNBC »
Friday
Mar132009

Bailout News CNBC Video: Fair Value Vs. False Value. Debate On Mark To Market Accounting

Discussing what comes next if the Financial Accounting Standards Board (FASB) revises guidelines on so-called mark-to-market accounting (FASB 157), with Brian Wesbury, First Trust Advisors; Dan Noll, American Institute of Certified Public Accountants; and CNBC's Ron Isana & Maria Bartiromo.

This is a pretty decent debate though there is no mention of regulatory capital forbearance as an alternative to changing FASB 157.  The video runs approximately 6 minutes.  For an excellent discussion of MTM issues including reg. cap. forbearance see our story on Jim Chanos.

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Reader Comments (1)

Put me on the list with those opposed to any change to current accounting rules.
Mar 17, 2009 at 2:16 AM | Unregistered Commenterbank_holiday

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