Commercial News
10/2/2008 11:01:36 AM EST
Banks want to suspend accounting rule in bailout
WASHINGTON – (AP) Congress has embraced an idea to help prop up the financial system: Give banks a break by letting them value their bad mortgage assets at a price they could fetch later, not now.
Lawmakers want the Securities and Exchange Commission to implement the idea as part of the $700 billion . . . .
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