Floyd Norris

  • Editor's Choice for April 27

    By Kathleen McBride, AdvisorOne  |  April 27, 2009

    In the search for clarity for the values of toxic bank holdings, the Fed's stress test methodology uses two FASB standards in valuing holdings...junk bonds--more junky than ever.

  • Editor's Choice for April 2

    By Kathleen McBride, AdvisorOne  |  April 2, 2009

    The Financial Accounting Standards Board, FASB voted April 2 to loosen mark-to-market accounting standards for banks...Massachusetts Secretary of State William Galvin charged the Madoff feeder fund Fairfield Greenwich with fraud.