About $4.4 billion if you are Wells Fargo. The net unrealized loss on securities available for sale declined to $4.7 billion at March 31, 2009, from $9.9 billion at December 31, 2008. Approximately $850 million of the improvement was due...

Agreeing that it would be much better if financial firms could just decide for themselves what difficult to value items on their balance sheet are worth if the price for similar assets in the market isn't satisfactory to them, FASB...

The rank scent of a prime time Monday press conference being prepared hints that the White House is likely nearing a banking package which our super secret sources say includes the bad bank (somewhat smaller than anticipated), government guarantees (surprise...

We would think most people would apply healthy doses of skepticism to any measure that reduces information, limits disclosure, or (worse) injects falsehoods into a market system. So it continues to puzzle us when normally rational and at least moderately...

A review of "fair value" accounting promises to be a long, painful procedure that not only carries with it the possibility of severe and potentially deadly infection, but entails a long recovery time and is likely to reveal any number...