Wells Fargo Gorges on Mark-to-Make-Believe Gains

Wells Fargo Gorges on Mark-to-Make-Believe Gains: "Under Statement 157, this means fair value is measured using ``unobservable inputs.'' While companies can't actually see the changes in the fair values of their assets and liabilities, they're allowed to book them through earnings anyway, based on their own subjective assumptions." -- "First, we assert a pony."

[bookmark]