{"id":12052,"date":"2009-04-02T20:23:28","date_gmt":"2009-04-02T20:23:28","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/standards_board_gives_banks_more_leeway_in_valuing_assets\/"},"modified":"2009-04-02T20:23:28","modified_gmt":"2009-04-02T20:23:28","slug":"standards_board_gives_banks_more_leeway_in_valuing_assets","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=12052","title":{"rendered":"Standards Board Gives Banks More Leeway in Valuing Assets"},"content":{"rendered":"<p>The nation&#8217;s accounting board agreed today to give more leeway to banks when assigning a dollar value to distressed assets, following an aggressive lobbying campaign by lawmakers and the financial industry to change the rules.<\/p>\n<p>The move by the Financial Accounting Standards Board revises fair value, or mark-to-market, accounting, which has been blamed for exacerbating the financial crisis by forcing banks to value home loans and other assets below their worth.<\/p>\n<p>But defenders of fair value accounting say it gives investors a transparent accounting of the real value of assets held by banks. Changing the rules, some say, will only give banks the chance to conceal how bad their financial conditions are.<\/p>\n<p><a href=\"http:\/\/www.washingtonpost.com\/wp-dyn\/content\/article\/2009\/04\/02\/AR2009040201264_pf.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nation&#8217;s accounting board agreed today to give more leeway to banks when assigning a dollar value to distressed assets, following an aggressive lobbying campaign by lawmakers and the financial industry to change the rules. The move by the Financial<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=12052\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,585],"tags":[],"class_list":["post-12052","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-the-banking-systemsector"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12052"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/12052\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}