Thread: Fair Value Rule Triggers $800 Million Loss
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Old 05-07-2008, 12:31 PM   #3 (permalink)
bizark
 
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Quote:
Originally Posted by ZaddY View Post
FAS 157 can be a disaster for some companies like this one. It is good for investors though because you will know how a company measures fair value of its assets. 157 increases consistency and comparability in fair value measurements.
Historical cost was being used before?
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