2009-04-03 — calculatedriskblog.com
" ... The changes approved today to fair-value, also known as mark-to-market, allow companies to use “significant†judgment in valuing assets to reduce writedowns on certain investments, including mortgage-backed securities. Accounting analysts say the measure, which can be applied to first-quarter results, may boost banks’ net income by 20 percent or more. FASB approved the changes during a meeting in Norwalk, Connecticut."
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