Rule change intended to ease bank crisis could make it worse

By Kevin G. Hall | McClatchy Newspapers

WASHINGTON — The little-known Financial Accounting Standards Board is poised to deliver Thursday a change in accounting rules that proponents say will save the banking system — and opponents warn could bring even more ruin to the U.S. economy.

The FASB board is expected to relax the rules on how banks value assets that investors no longer are willing to purchase.