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SEC Relaxes 'Fire Sale' Assets Rule

Aims to ease pressure by freeing assets from free-market value

By Peter Fearon, Newser Staff

Posted Oct 1, 2008 3:23 AM CDT

(Newser) – The SEC is relaxing enforcement of a controversial rule in a bid to ease pressure on banks during the financial crisis, the New York Times reports. Current accounting rules require companies to value assets at a fluctuating fair market price. In the current financial chaos,... Read full story »

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SEC Relaxes 'Fire Sale' Assets Rule

Aims to ease pressure by freeing assets from free-market value

SEC • accounting • JPMorgan Chase • banks • financial crisis • Wall Street bailout • American Bankers Association

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