FASB to smack down banks on securitization?

This is a little too wonky for me, but it sounds like FASB is going to remove Qualifying Special Purpose Entities (QSPEs) from FAS 140. This could have a significant effect on securitization.

First, here's a little background from Calculated Risk.

Here are the original sources for this week's news:

Meeting Agenda.

And audio of the discussion at the meeting.

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Exodus! Movement of Jah people!

 Joe Rogan is yet another multimillionaire fleeing California’s insanity. Who’s going to be left to pay the bills?