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Herz: Give Banks More Freedom from GAAP The Financial Accounting Standards Board chairman calls for a greater "decoupling" of GAAP from bank regulators' capital requirements.

Sarah Johnson, CFO.com | US
December 8, 2009

Too big for the rules or rules are inappropriate for all?: I favor breaking up the too big to fail:failures rather than offering them exceptional status in the rules. The too big to fail:failure movement is over. Their plan failed. They are failures. Implementing mark to market within US GAAP was one of the root causes for the financial crisis of 2008.

Mr. Herz is correct, but tossing MTM under the bus is appropriate for all companies, not just the too big to fail:failures.

Reinstate Glass-Steagall and end the MTM fantasies.; Posted by Joe Jefferis | Dec 30, 2009 8:59 AM ET

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