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Real Estate & Property Law

: Housing Wire

Frank: Muddling Mark to Market

By PAUL JACKSON

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(Update 1: adds OTTI discussion) The anti mark-to-market lobby found a new ally Tuesday morning in House Financial Services Committee chairman Barney Frank (D-MA), who told reporters that he supported rolling back so called ‘fair value accounting’ standards in certain instances, to allow banks and other financial institutions to recoup previously-marked losses on their trading books. [...]

Full post as published by Housing Wire on March 31, 2009 (boomark / email).

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