Gist of the article referenced below is that Congressional leaders again took the short term answer of forcing the accounting profession to water down reforms when pain was inflicted to solve a problem. Unfortunately there are a number of these type articles talking about watering down regulations from accounting and regulatory side by Congressional leadership. 

http://www.fiercesarbox.com/story/tide-turns-mark-market/2009-04-02

The article goes on to say that Arthur Levitt, former SEC chairman, has been pretty vocal in his opposition to the move.

Who knows what symptom we will see a few years from now.  Then we will surely see some Congressional leader blaming business for results, that are an indirect effect of this and some other Congressional pressure. Of course nothing will be mentioned about how politicians are part of the problem.