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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (375288)	9/30/2008 4:24:25 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 436258

Yep. We don't want to follow Japanese fuel economy standards. But we like their accounting standards.

To: NucTrader who wrote (375288)	9/30/2008 10:51:25 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 436258

There is resistance to this accounting rule 'change.' It may not happen. Sept. 30 (Bloomberg) -- The U.S. Securities and Exchange Commission probably will resist calls to suspend the fair-value accounting rules that some members of Congress blame for exacerbating the global financial crisis, people familiar with the matter said. The SEC and Financial Accounting Standards Board today issued ``clarifications'' on how banks should interpret existing rules requiring them to review assets each quarter and report losses if values decline. A moratorium isn't being considered, said the people, who declined to be identified because the plan hasn't been completed. bloomberg.com