GEITHNER REFORMS SLAMMED FOR DUCKING FAIR VALUE CONTROVERSY

BY RUSSELL BERMAN

USA treasury secretary Timothy Geithner has unveiled a sweeping overhaul of financial regulations including additional controls over finance companies, but economic analysts took note of one glaring omission from the Obama administration plan: any mention of the raging debate over fair value accounting rules.

"One of the real failures of Geithner's plan was to fail to address this fair value issue," said Alex Pollock, a resident fellow at the Washington-based American Enterprise Institute who is a vocal critic ...


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