FASB Issues Proposal Requiring Banks to Book Loans’ Fair Value

estimated that the rules would go into effect in 2013,

lmao.

If there are any banks left. Uhmmm, First bank of Goldman and let's see, oh yea, National bank of Obama.
 
Does that mean bonuses will be smaller? :(

Wait - can't the Fed just buy them all up at 100 cents on the dollar BEFORE the accounting change? Isn't the Fed just one big off-balance-sheet SIV anyway?
 
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