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Fair Value Accounting Is Not a Political Issue.

October 3, 2008

Analysis of:Politicians rail against fair value accounting | www.ft.com

Lawmakers are suggesting that providing the financial industry relief from Fair Value accounting can be part of the "Cure" for the troubled industry, and should be considered in the proposed bailout legislation. Political lobbying and a misunderstanding of accounting principles should never be the basis for weaker standards. Congress needs to let the accounting profession deal with accounting principles.

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