Revenge of the FASB

Following the humiliating climedown by the Federal Accounting Standards Board (FASB) on mark to market in April of this year, where they re-enabled fantasy accounting, because of pressure from whores Congress and financial services industry, it now appears that the FASB has found its inner punk, and is saying that it might, "expand the use of fair-market values on corporate income statements and balance sheets," which means that there is a whole lot of the big sh%$ pile that will shortly be valued on balance sheets as, well, sh%$.