Do we have inconsistency in application of FV measurement?  No surprise I guess.  Note this:  Beginning in Q2 2009, the fv of companies’ loan portfolios was a required quarterly disclosure.  Previously, it was only an annual disclosure.

Review some banks.  You might find a huge discrepancy in the fraction .. fv/carrying value.  Certainly banks have different loan portfolios.  But Regions bank is 75% in that fraction.  Citigroup is 100%.  Seems to be a big discrepancy to me.