[Concerned1]

If I'm understanding this correctly: "The Securities and Exchange Commission is considering another option that might ease the crisis, one that would change accounting rules so banks don't have to declare huge losses whenever the market declines."
Source

The SEC is considering a change to the existing rules of fair disclosure to allow companies to hide their losses so that investors will not know if the companies they are invested in are in trouble or even approaching bankruptcy. As I said, if that's what's on the table, that could put the savings of millions of investors in jeopardy!

Am I missing something here?

[Carlhole]

Isn't this the mark-to-market rule that so many people have advocated - including Karl Denninger?

[Lanthanide]

If they defer the valuation of the assets when the market declines forever, no one will ever lose money. Seems like a win-win plan to me.

[TWilliam]

If I'm understanding this correctly: "The Securities and Exchange Commission is considering another option that might ease the crisis, one that would change accounting rules so banks don't have to declare huge losses whenever the market declines." Source
The SEC is considering a change to the existing rules of fair disclosure to allow companies to hide their losses so that investors will not know if the companies they are invested in are in trouble or even approaching bankruptcy. As I said, if that's what's on the table, that could put the savings of millions of investors in jeopardy!
Am I missing something here?

Without reading the item myself (feeling lazy today): if your interpretation is correct, people would have to be absolute MORONS to ever even consider investing a friggin' penny with a company without disclosure.

Oh wait...

[Cog]

Sounds like they are trying to re-invent the Enron fiasco to buy us some more time before everything melts down.

[Sixstrings]

You have reason to be concerned, Concerned1.

That's the plan -- hide the toxic mess these companies are carrying around, and hope nobody can figure out which stock to short, which to sell off.