aggregator bank

New guidance about how banks should show mortgage assets on their balance sheets will be released shortly. The key rule in question is the mark-to-market rule of the FASB (FAS 157) that became effective in 2007. Those in favor of this rule believe mark-to-market accounting provides vital insight...

When TARP was first passed, the plan was to buy the toxic assets of banks so they could recognize their losses, clean their books and move on. However, the Bush administration stepped back from that plan, calling it too costly and difficult. Instead they just infused cash into the sick system. FDIC...