http://www.bloomberg.com/apps/news?pid=20601087&sid=aMG.2SUJ3Rz4&refer=home
House Financial Services Committee members pressed FASB Chairman Robert Herz at a March 12 hearing to revise fair-value, which requires banks to mark assets each quarter to reflect market prices, saying the rule unfairly punished financial companies. FASB’s proposals, made four days later, spurred criticism from investor advocates and accounting-industry groups, which say fair-value forces companies to disclose their true financial health.
I am so confused. This is a good thing?
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