The Financial Accounting Standards Board eased its guidance on mark-to-market last week. This should provide short-term relief for banks but won't eliminate all of the challenges they face.
Musings on Mark-to-Market [1] | Source: The Big Fat Finance Blog [2].
Links:
[1] http://bigfatfinanceblog.com/2009/04/07/musings-on-mark-to-market/
[2] http://bigfatfinanceblog.com