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FASB To Propose Flexible Mark-To-Market Reading

By Evan Weinberger (March 16, 2009, 12:00 AM EDT) -- Bowing to pressure from members of Congress pushing for swift changes to the accounting standards, the Financial Accounting Standards Board on Monday reportedly proposed giving companies more leeway in determining whether a market for an asset is active and if a transaction is "distressed" under fair value accounting rules....

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