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To: RealMuLan who wrote (82077)	7/25/2008 2:15:52 PM
From: RealMuLan	Respond to of 116555

[LOL, what a good timing for accounting change<g>]--"FASB Urged To Delay Changes To Securitization Accounting July 25, 2008: 01:37 PM EST money.cnn.com WASHINGTON -(Dow Jones)- U.S. accounting regulators should defer new rules on off-the-books assets until January 2010 to avoid "serious unintended consequences" on the asset-backed securities market, a senior member of the House Financial Services Committee wrote. "Changes to securitization accounting could have a dramatic impact on the economy, the capital markets and consumers seeking credit," Rep. Spencer Bachus, R-Ala., wrote in a July 22 letter to Securities and Exchange Commission Chairman Christopher Cox and Financial Accounting Standards Board Chairman Robert Herz. ..."