Tomorrow, we will likely see the evisceration of fair value accounting by FASB, due to the pressure of lobbyists, magnified by US lawmakers. Srsly, Congresspeople, your job should never never never be to make things less transparent. But apparently, your new motto is: Save the Bankers, Screw the People.
Here is the proposal.
Totally! To quote the evil Prince John from the Disney version of Robin Hood, "rob the poor to feed the rich!"
Posted by: teahouseblossom | April 07, 2009 at 09:28 PM