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September 14, 2012

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Edith Orenstein

Tom,

"Manslaughter of basic accounting principles"?

Tell us how you really feel!

I may not necessarily agree with everything you've said (in fact, I do not) but I admire how you've made the subject interesting to read, albeit in your inimitable acerbic "Onion" style.

I see how you have brought 'charges' against the specifics of the current version of the CECL model under development; I am wondering how you feel about the move from 'incurred' losses to 'expected' losses generally...

Coincidentally,further discussion of this topic is slated for FASB's board meeting Wed. Sept. 19.

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