Word: supported
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...banks mark back up the value of some of their toxic assets. "I think there are some changes that ought to be made," Dugan says. Mark-to-market accounting is a problem, he says, for illiquid assets because "those things have just stopped trading altogether." Dugan does not support doing away with mark-to-market entirely; not even industry lobbyists want that. But his deputy will argue at the congressional hearings on Thursday that limited changes affecting the pricing of illiquid toxic assets should be made...
...Others seem to be coming around to the banking industry's position. On Tuesday, Federal Reserve Chairman Ben Bernanke said he would support changes in pricing illiquid assets. Also this week, investor Warren Buffett said in a CNBC interview that he would favor suspending the mark-to-market rules. Even the Securities and Exchange Commission (SEC), which has long backed these rules, recently asked the Financial Accounting Standards Board (FASB), a private group based in Norwalk, Conn., that sets accounting rules in the U.S., to look into the matter. FASB spokesman Neal McGarity says his organization is doing that...
...accomplished. As a fitting tribute to the squad’s incredible season, Vaillancourt received the Patty Kazmaier Award—given to the best player in college women’s hockey—the night after the loss to the Badgers, with her entire team present to support...
...unions’ worst members at risk of being dismissed. This perverse incentive has stymied Democratic politicians’ efforts at school reform for decades. But President Obama’s refusal to kowtow to a powerful lobby, even if it forms a strong base of support for his party, demonstrates his independence and desire to put campaign promises into action. This is encouraging for the state of education in this country...
...this upsurge in terrorist activity that led Sir Hugh Orde to request the support of the British Army's Special Reconnaissance Regiment (SRR) in the PSNI's intelligence-gathering operations. Sinn Fein - traditionally hostile to any ramp-up of British security forces - reacted with anger. Less than a week before the murder of the soldiers in Antrim, Northern Ireland's Deputy First Minister Martin McGuinness described the use of these special forces as "a major threat...