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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.

Friday, March 13, 2009 at 1:24PM |

1 Comment |

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Reader Comments (1)

Put me on the list with those opposed to any change to current accounting rules.

March 17, 2009 |

bank_holiday

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