Officials strive to fix snag in $250 billion bank program

10/20/2008 | Wall Street Journal (free content), The

The government's $250 billion capital-injection plan for U.S. banks, part of the Troubled Asset Relief Program, could trigger an accounting rule that would likely hurt the lenders' finances and result in less lending, the opposite of the program's intended effect. Officials at the Securities and Exchange Commission and the Financial Accounting Standards Board are preparing guidance that would allow the participating banks to avoid the issue.

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Wall Street Journal (free content), The

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