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How Far Can Fair Value Go? An SEC committee hopes standard-setters will hold off on extending mark-to-market accounting to the assets and liabilities that rules don't yet cover.

Sarah Johnson, CFO.com | US
May 6, 2008

Mark to market and other fairy tales

Apparently it's news to FASB that there is volatility in markets so that mark to market induced volatility requires inappropriate responses. These guy's antics are are getting GAAP a bad name!

Posted by Raymond Darke | May 7, 2008 11:22 AM ET