Mark to market on Barney’s agenda as well

CNBC just ran tape of Barney Frank saying that in addition to anticipating a reinstatement of the uptick rule, Barney Frank also expects modifying mark-to market accounting rules being a major agenda item. He also wants more TARP funds for small banks.

Chris Dodd is on the tape as well, saying he also supports quickly reinstating the uptick rule.

EUR/USD dipped as low as 1.2706 before steadying.