FOREX TRADERS

[Nettles]

20:38 Forex: FASB allows for "Significant Judgment" Applying M-to-M New York, March 16th. FASB has gotten to the point of bending the mark-to-market rule about as far as one can go without it actually breaking it in the latest announcement from the rule-making body. In a nutshell, if there is no liquid market to mark and asset to, than companies are expected to come up with a reasonable anticipated cash-flow model to use. Makes sense as long as the "significant judgment" companies use to make their marks does not become a vehicle for never taking the pain on an investment gone bad. [e-mail]