Rep. Barney Frank (D-MA) addresses the passage of the $700 billion financial bailout bill, to provide relief for the current financial and banking crisis, at the US Capitol in Washington, October 3, 2008. (Jonathan Ernst/Reuters)Reuters - The chairman of the U.S. House of Representatives Financial Services Committee said on Wednesday that he favors more flexibility in applying the way companies value assets, known as mark-to-market accounting.

Original post by Reuters and software by Elliott Back

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