socialmedian: Wall St’s unlikely saviours

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Wall St’s unlikely saviours - community banks

Source: FT Alphaville

Nov 06, 2009

Summary

It's being billed as an outrageous piece of behind the scenes lobbying by Big Finance. Moves are afoot to overlay the Financial Accounting Standards Board, which sits inside the SEC, with a new "oversight board" - a regulator's regulator, if you like.

The subtext here is all about mark-to-mark accounting:...

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