Rescue plan reaffirms SEC's control over mark-to-market rules

10/2/2008 | Wall Street Journal, The · Bloomberg1

The $700 billion rescue plan passed by the U.S. Senate would reaffirm the Securities and Exchange Commission's power to suspend mark-to-market accounting rules. The bill also calls for the SEC to study the effect the fair-value requirement has had on bank failures and balance sheets.

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Wall Street Journal, The · Bloomberg1

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