Fas 157?

Discussion in 'Stocks' started by masonyes, Jun 1, 2010.

  1. masonyes


    I'm sure everyone has heard of FAS 157, a rule that has allowed the banks to artificially boost their earnings and hide their losses legally. What do you think will happen when this is rescinded? What do you think it will occur and what do you think the effect will be on the share prices?