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.

Comments

[bank_holiday]

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