FASB Eases Fair-Value Rules Amid Lawmaker Pressure (Update1) - Bloomberg.com

FASB Eases Fair-Value Rules Amid Lawmaker Pressure (Update1) - Bloomberg.com: "The Financial Accounting Standards Board, pressured by U.S. lawmakers and financial companies, voted to relax fair-value rules....The changes to so-called mark-to-market accounting allow companies to use “significant” judgment when gauging the price of some investments on their books, including mortgage-backed