Maybe if Warren Buffett says it, Washington will finally listen.

The Omaha oracle, in his appearance this morning on CNBC, called for suspending mark-to-market accounting for purposes of determining whether banks meet regulatory capital standards. He also argued that with sweeping guarantees of depositors and bondholders in place, there’s no need for government capital injections: Banks should be allowed to earn their way out of trouble based on the princely spreads now available, which they can readily do.

Read More at the Club for Growth