S.E.C. Move May Relax Asset Rule
• New York TimesThe S.E.C. said it was interpreting, not changing, the mark-to-market rule. Nonetheless, the immediate praise from the bankers could reduce the pressure to drop the rule and make it easier for legislators to change their votes.
Oh, and this is another part of the Billionaire Bailout. Congress is truly the skin tag of Washington DC.