This whole experience has sure shown who Congress works for, I'll tell you that.
"Bankers given leeway on reporting" by New York Times | April 3, 2009
The Financial Accounting Standards Board voted yesterday to give more discretion to bank managements in reporting the value of mortgage securities. The changes seem likely to allow banks to report higher profits by assuming that the securities are worth more than anyone is currently willing to pay for them. The changes had been demanded by members of Congress and by bank trade groups....
I'm worth $3 million dollars, did you know that, readers?
Umm, isn't this HOW we got into such TROUBLE in the FIRST PLACE?
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What a SAD INDICTMENT that a CARTOON and the COMEDY SHOW tell us the TRUTH about LOOTING and WAR CRIMES while the PAPER DOES NOT!
