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Federal regulators have rejected a banking industry push to suspend accounting rules that force banks to value assets on their balance sheets at current market prices even if they plan to hold them for years. The SEC has issued a report to Congress that recommended maintaining so-called mark-to-market rules, but suggested improvements to current accounting practices. http://www.nytimes.com/2008/12/31/business/31sec.html
New York Times
Latest News 2008