Monday, November 24, 2008

SEC gets power to suspend the mark-to-market accounting rule - USATODAY.com

SEC gets power to suspend the mark-to-market accounting rule - USATODAY.com

Could a large part of the banks problems be solved in January 2009 with the stroke of a pen? SEC has to study mark-to-market rules for 90 days, then it can suspend them. That would cause bank health just in time for the inauguration. Obama gets credit for new-found confidence in the market because he is finally chief executive, when he didn't do anything! What a fraud.

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