The SEC chairwoman says that guidance on mark-to-market accounting will come from the Financial Accounting Standards Board in Q2 and that she hopes to have the uptick rule in place in April.
US equities are holding the bulk of their gains but not getting any lift as most of this was digested yesterday.
Geithner and Obama are on the Tube now, previewing the G20. Already, the US approach is getting push-back.
Obama did speak out against protectionism, though words and deeds are two different things.
