Does it make sense for the Financial Accounting Standards Board to reduce the standards required for what is ultimately a benchmark for valuating assets (mark-to-market rules)? I thought that when standards fall, expectations do also, and the garbage-in-garbage-out model perpetuates?
Is this another example of bowing to the bankers?
http://online.wsj.com/article/SB123867739560682309.html#mod=testMod
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