40.The author’s attitude towards standard-setters is one of ________.
②Unfortunately, banks’ lobbying now seems to be working.The details may be unknowable,but the independence of standard-setters,essential to the proper functioning of capital markets, is being compromised.And,unless banks carry toxic assets at prices that attract buyers,reviving the banking system will be difficult.
③After a bruising encounter with Congress,America’s Financial Accounting Standards Board(FASB)rushed through rule changes.These gave banks more freedom to use models to value illiquid assets and more flexibility in recognizing losses on long-term assets in their income statement.Bob Herz, the FASB’s chairman,cried out against those who “question our motives.”Yet bank shares rose and the changes enhance what one lobby group politely calls ”the use of judgment by management.”
④European ministers instantly demanded that the International Accounting Standards Board(IASB)do likewise.The IASB says it does not want to act without overall planning,but the pressure to fold when it completes its reconstruction of rules later this year is strong. Charlie McCreevy,a European commissioner,warned the IASB that is did “not live in a political vacuum”but “in the real word” and the Europe could yet develop different rules.
⑤It was banks that were on the wrong planet,with accouts that vastly overvalued assets.Today they argue that market prices overstate losses,because they largely reflect the temporary illiquidity of markets,not the likely extent of bad debts.The truth will not be known for years.But banks’ shares trade below their book value,suggesting that investors are skeptical.And dead markets partly reflect the paralysis of banks which will not sell assets for fear of booking losses,yet are reluctant to buy all those supposed bargains.
⑥To get the system working again, losses must be recognized and dealt with.America’s new plan to buy up toxic assets will not work unless banks mark assets to levels which buyers find attractive. Successful markets require independent and even combative standard-setters. The FASB and IASB have been exactly that,cleaning up rules on stock options and pensions,for example,against hostility interests. But by giving in to critics now they are inviting pressure to make more concessions.
从第二段的unfortunately和第五段的It was banks that were on the wrong planet可知，作者对银行持反对态度。第三段和第四段分别举了FASB和IASB的例子进行说明。第六段说，银行的想法不切实际，呼吁银行制定者继续保持独立性和战斗性。因此，这表明作者赞成会计战斗者的做法，对它面临压力不得不妥协，表示担忧和同情。所以本题选D.