Direxion Daily Financial Bear 3X Shares (FAZ)

[Live42Day]

I disagree. All of the banks used the mark-to-market rule to include an asset value to all of their toxic assets. By the FASB essentially reversing this rule today, all of the banks are going to look MUCH worse when they report Q2 results (in comparison to the fuzzy math they were able to use for Q1 - with mark to market). I think that this will have a very negative impact on all the banks come Q2 reporting.

Hmmm, why hasn't this news received any coverage, on CNBC? LOL