The Financial Accounting Standards Board added three more comment letters to its Web site this morning. In addition to the joint ASF/BMA letter summed up here yesterday, FASB posted comments from Morgan Stanley and Fleet.

As did the ASF/BMA letter (which was received by FASB this morning), Morgan Stanley and Fleet raise significant concerns about the practicality of the Exposure Draft, and warn of the detrimental effects to the securitization markets should FAS 140 be amended as proposed.

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