The FASB has partially delayed mark to market assets and liabilities partially. But it looks like financial assets still have to be priced.
It should be an interesting trading day tomorrow.
Some observers questioned the decision. "It's a little puzzling that [FASB] did so at all in that companies will still have to apply 157 to problem financial assets, which is a good thing, whereas the non-financial assets get the deferral," said Jack Ciesielski, an analyst and principal in the firm of R.G. Associates.
http://www.financialweek.com/apps/pbcs.dll/article?AID=/20071114/REG/71114011/1036
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