It is the last day of January already? Time flies. This year we have 4 unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a coincidence that you can take the last 2 digits of the year you were born, plus the age you will be this year and it will equal to 111? Maybe this is another Fed regulation… Of great interest to banks is that the FASB announced that it was dropping a proposal to mark bank loan portfolios to marke t after a lengthy effort by the banking industry to kill the proposal. Instead, the board will use an amortized cost model, rather than one based on fair value, to measure “financial assets for which an entity’s business strategy is managing the assets for the collection of contractual cash flows through a lending or customer financing activity.” FULL STORY Companies…(read more)