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Senator Shelby, please consider making accounting reform your line in the sand

Paulson's obtuseness on suspending mark-to-market accounting needs to be exposed and overcome

Henry Paulson’s opposition to suspending mark-to-market accounting rules has been incredibly obtuse.

Today, one of the most accurate economic forecasters, Brian Wesbury offered an alternative to the bailout that is much less costly. While I think we now need some kind of bailout to prevent a collapse, Wesbury’s argument is compelling.

http://www.ftportfolios.com/Commentary/EconomicResearch/2008/9/22/heresaplantoavoidanew_rtc

Conservative Republicans can and should insist on this reform as part of any deal.

Let’s hope Senator Shelby makes this his non-negotiable demand. If he does, taxpayers never may need to buy $700 billion worth of assets.

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