The decision will allow the assets to be valued at what they would go for in an “orderly” sale, as opposed to a forced or distressed sale
Click on the following to read the rest of the story:
New Accounting Guidelines for Mortgage-Backed Securities - NYTimes.com
The Financial Accounting Standards Accounting Board was not unanimous in their decision. Additionally this may not help some of the TARP and Recovery Program. Read the Chicago Tribune for a discussion of these matters: http://www.chicagotribune.com/business/sns-ap-meltdown-accounting-rule,0,3667102.story
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