Straight Talk — FASB’s latest

      The Financial Accounting Standards Board issued an exposure draft in late May which seeks to move the banking industry toward mark-to-market accounting on loans. This proposal has the potential to do more harm to the community bank business model than anything in the financial reform legislation. Everyone who has a stake in the interests of community banks should work to prevent the adoption of mark-to-market on loans.

      Such accounting treatment will reduce the availability of credit. Businesses at the margins are likely to be . . .

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