Fair Value news from FierceFinance

Goldman Sachs (NYSE: GS) has posted a defense of its mark-to-market methods on its Web site. It's fairly detailed, and may or may not satisfy its critics. But the whole issue of whether Goldman Read more...

Back at the peak of the crisis, a FASB addition passed in 2007 known as Statement 159--formally known as the "Fair Value Option for Financial Assets and Financial Liabilities"--allowed banks to book Read more...

We've noted over on FierceSarbox, on occasion that it is better for an industry to be involved in attempts to impose regulations than to be passive. Indeed, we sometimes see an industry calling for Read more...

Lost amid the fireworks in the Congressional hearings featuring the top CEOs of Wall Street firms was an interesting sort-of proposal from Citi CEO Vikram Pandit. In reply to a question from a Read more...

FAS 157, the controversial fair accounting rule, will be the topic of a roundtable today at the Securities and Exchange Commission. As you know, the rule has become the center of much controversy, Read more...