Ending Mark To Market - Will Housing Rebound?

Thursday the Capital Markets Subcommittee of Barney Frank's House Financial Services Committee will hold a hearing to discuss whether ending or modifying current mark to market accounting rules for valuing the mortgages on the books of banks and other lenders could relieve the housing market's lending crunch, and help restart the moribund new home construction segment of our industry. This is one of the ways credit could be loosened up without minting another trillion dollars of funny money by the Treasury and Congress in yet another round of financial bailouts.