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Bernanke Tells Senate: Auction Will Help Facilitate Held-To-Maturity Vs. Fire Sale Price

At a Senate Banking hearing on Sept. 23, 2008, Federal Reserve Board Chairman Ben Bernanke advocated against suspending mark-to-market accounting, but noted he believes Treasury's proposed auction process for subprime securities would help determine a held-to-maturity vs. fire sale value. ... more » (FEI members only)

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