FASB Looks to Expand Mark-To-Market Rules - To Be Stronly Opposed by Banks

[ipatent]

I told you guys, they are timing this to take down the regional banks so Goldman and the Morgans can gobble them up.

 

[gastropod]

LOL!!! The FASB, blah, blah, blah!!! The Bank of International Settlements is calling the shots and they have stated they want mark to market in place by December 2010.

http://www.bis.org/publ/bcbs157.htm

-gastropod

 

[libertad]

Quote from gastropod:

LOL!!! The FASB, blah, blah, blah!!! The Bank of International Settlements is calling the shots and they have stated they want mark to market in place by December 2010.

http://www.bis.org/publ/bcbs157.htm

-gastropod

..............................................................................

Which means ....the truth comes a little later....

Along with the calamity....

Another year and a half of false accounting practices....

Who will stretch their time past these deadlines....

JAPAN/USA = 1

 

[gastropod]

Quote from libertad:

..............................................................................

Which means ....the truth comes a little later....

Along with the calamity....

Another year and a half of false accounting practices....

Who will stretch their time past these deadlines....

JAPAN/USA = 1

I could not agree more with ya! I may be wrong, but I believe the mark to market crap falls under "Pillar 1" in the link I provided. BIS wants "Pillar 1" implementation to begin "immediately" - I think that is why the FASB was forced into implementing this ASAP...there will be no getting out of it this time!

-gastropod