The Securities and Exchange Commission (SEC) issued a study on Dec. 30 recommending that mark-to-market and fair value accounting - including Financial Accounting Statement 157 or FAS 157 - be kept.

Before the results of the study were released, there were objections that mark-to-market and fair value accounting caused some of the current financial market instability by requiring what were potentially inappropriate write-downs in the value of investments that financial institutions were holding.

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