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Yep...March 12th, taking their sweet time.
US Congress to examine mark-to-market accounting-source
Wed Mar 4, 2009 3:56pm EST
WASHINGTON, March 4 (Reuters) - A U.S. House Financial Services subcommittee plans a hearing on mark-to-market accounting rules, which have been blamed for forcing banks to report billions of dollars in write-downs, a source briefed on the matter told Reuters on Wednesday.
The subcommittee on capital markets has tentatively scheduled the hearing for March 12, the source said.
The U.S. Securities and Exchange Commission's chief accountant and the chairman of the Financial Accounting Standards Board, will be asked to testify, the source said.
U.S. industry groups have pressured the SEC and FASB to significantly alter or suspend the accounting rule, saying it is is undermining the government's multibillion-dollar effort to stabilize the country's financial sector.
Mark-to-market accounting requires assets to be valued at current market prices. Some banks say it forces them to mark down assets to artificially low prices amid the current financial crisis when banks intend to hold the assets past the current reporting period.
The SEC and FASB are working on more guidance to help banks determine the value of an asset when there is little or no market trading. (Reporting by Rachelle Younglai; editing by Carol Bishopric)
http://www.reuters.com/article/managementIssues/idUSN0454048120090304
Holding $890.....nothing has changed, $USD - topping, gold holding strong....may drop with SEC rule change but it will be back imo.
CRM - 30.22 +2.06 +7.32%
MIC - 1.38 +0.30 +28.50%
Yep---recall $890 being next support
AUY--LOD
ABX--LOD
KGC--LOD
GMTN--illiquid pos imo.
URS Corporation reports 66% growth in earnings. +17.07%
Solar sector turn? all green on my end.-e-
OK
Posted by: hero86 Date: Thursday, February 26, 2009 10:04:39 AM
In reply to: Arrow335 who wrote msg# 112323 Post # of 115410
Arrow.. FITB @ 2.50 gonna look cheap next week.. 8 buck a month ago. Best regional bank out their. I wouldn't dis it compared to others w/ similar float.
-Hero
AA right behind.
like jnj and fitb. saying about gamblers, they unconsciously want to lose money.................don't think they deserve what they have?
YGE - Pre-Market: 4.08 +0.36 (9.68%)
Looks like news came out/ leaked yesterday.
The following Dow chart compares the Dow (1900 - Present) to an inflation-adjusted Dow (1925 - Present).
Point of Interest - To better demonstrate the true magnitude of the great bull and bear markets of the last century, it is necessary to adjust the Dow Jones Industrial Average for inflation. What the CPI (Consumer Price Index) adjusted Dow chart shows is that the 1966 to 1982 bear market was almost as severe as that of the early 1930s. And since 1982, a true and great bull market has ensued (even when adjusted for inflation).
http://www.dogsofthedow.com/dow1925cpilog.htm
If in 1920, I bought goods or services for $1.00 then in 2009, the same goods or services would cost $10.92. Based on
(Gov) highly suspect numbers. http://www.minneapolisfed.org/
YW -e-
The following Dow chart compares the Dow (1900 - Present) to an inflation-adjusted Dow (1925 - Present).
Point of Interest - To better demonstrate the true magnitude of the great bull and bear markets of the last century, it is necessary to adjust the Dow Jones Industrial Average for inflation. What the CPI (Consumer Price Index) adjusted Dow chart shows is that the 1966 to 1982 bear market was almost as severe as that of the early 1930s. And since 1982, a true and great bull market has ensued (even when adjusted for inflation).
http://www.dogsofthedow.com/dow1925cpilog.htm
If in 1920, I bought goods or services for $1.00 then in 2009, the same goods or services would cost $10.92. Based on
(Gov)highly suspect numbers. http://www.minneapolisfed.org/
Red Beans & Rice with qualude sauce.
Only reason that dumbass is pumping silver is because he loaded up at $14.
Target low $12 for turn, maybe Wed-pm.
Countrywide CEO discusses Credit Crunch and Bank of America Investment
This things going to dribble like an old man pissing back to 4k. with sperts in between.
Yep, go figure...RSX - 11.25 +0.47 +4.36%
Those coc$ers suckers need to BK. Stoll $25 from a gift certificate I held because I didn't use it within 6 mo.
A GS NY banking Manashatwa, they've been doing that to the public for years.
you, warwhore and who else? lol
lol, 2 burgers and a dog i hope.
GREEN! $HUI - 274.84 +6.62 +2.47%
not enough juice.....
GBG getting ripe.
Yep...people banking on gold holding around $900. Gold stock rally today told me something. lol
Give it 5yrs.
SSRI...interesting to see if underwriters are slim balls that play the short game and cover with new shares?
Silver Standard Resources Inc completes public offering of common stock
S&P lying sacks of shit that helped cause this mess. BAC = DDD-
GSAT - 0.38 +0.07 +24.59%
HGSI - 1.79 +0.10 +6.21%
STEM - 1.50 +0.09 +6.38%
XBI - Turning