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Home » Store » News » Fair Value Accounting Halt Floated as Subprime Fix

Fair Value Accounting Halt Floated as Subprime Fix

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While the federal government struggles with how to prop up the mortgage market, some have suggested that the best fix could be to suspend certain accounting rules that potentially overstate lenders’ subprime losses. Proponents of the move note that it would cost taxpayers nothing. “I have some ideas, including a re-evaluation of mark-to-market accounting,” said Sen. Mike Enzi...
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