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FASB and SEC Make Nice-Nice

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Mark-to-Market is a love it or hate it sort of topic. Either you think its critical to proper disclosure or you think its tearing the financial system apart. Either way, you probably will want to pay attention to what happens when the US Accounting Board and the SEC emerge from their tender love-making session, and who is wearing a grin.
Updates, along with FAS 157 discussion, to come!
US accounting board, SEC discuss fair value [Reuters]