Dodd May Tweak M2M Regs

06 Feb 2009

Sen. Christopher Dodd (D-Conn.) has said that he may support altering mark-to-market accounting rules to spare U.S. banks from writing downs billions in toxic assets.

Sen. Christopher Dodd (D-Conn.) has said that he may support altering mark-to-market accounting rules to spare U.S. banks from writing downs billions in toxic assets. The problem for banks could arise if the government purchases some of their bad assets as part of the federal rescue plan, which ...

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