The stock market has jumped a little in the last week or so. That's because this was informally announced a week ago :

The Financial Accounting Standards Board, pressured by lawmakers to change the fair-value rule blamed for worsening the financial crisis, proposed permitting companies to use “significant judgment” in valuing assets......

Fair-value, also known as mark-to-market accounting, requires companies to set values on most securities every quarter based on market prices. Wells Fargo & Co. and other companies argue the rule doesn’t make sense when trading has dried up because it forces banks to write down assets to fire- sale prices.

FASB Moves Toward Giving Banks More Flexibility on Fair-Value - Bloomberg.com

The rule was brought in after various banking/accounting scandals involving banks making up ficticious values for their dodgy assets. It now appears that part of the plan to get us out of the current mess is to again let banks ignore the shit-like quality of assets they own on their balance sheets and make up ficticious values for them. Hey presto, the banks become solvent again! Then it looks like they plan to try and reinflate the bubble that just burst. This is all going to end in tears.