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Woodshedder
Joined Nov 11, 2007
31,929 Blog Posts

The International Accounting Rule of Fair Value Needs to Be Revised To Create Further Stability and Clarity of Bad Assets

CRONKITE Fri Nov 25, 2011 8:14am EST Comments Off on The International Accounting Rule of Fair Value Needs to Be Revised To Create Further Stability and Clarity of Bad Assets

Apparently there are no real rules and some banks will not write down bad assets as there is discrepancy in how to calculate value.

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