FAIR VALUE PROBABLY SAFE IN OBAMA’S HANDS
November 1st, 2008
BY JOSEPH GOLDSTEIN
THE VICTORY of the next USA president, Barack Obama and the expansion of his Democratic Party's control over Congress are likely to dampen calls to end the use of fair value accounting in America.
With Democrats now firmly in charge of the country's economic agenda, supporters of fair value accounting can probably breathe a sigh of relief this side of the Atlantic. It was mostly Republicans - including several whom voters have just sent packing - who have fuelled the row in Washington DC over fair value accounting.
A number of influential ...
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