ABA fights mark-to-market on loans
The comment period for FASB’s mark-to-market proposal on loans closed the end of September. ABA Chairman Art Johnson called the proposal, which would become effective in 2013, a major problem. “If implemented, the proposal will undermine the availability of credit by making it difficult for us to make long term loans, particularly at fixed rates.”
Since there is no ready market for most bank loans, Johnson said the . . .
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