Can't tell if you're joking. Only insolvents don't 'mark to
market'. When the Japanese adopted those breaks of traditional GAAP
rules in the 1990's, Westerners laughed at them. But since the
credit meltdown, now it's okay? As an individual taxpayer you can't
do it; why should the banks? What's so sacrosanct about them?
They get away with murder. (read EG Griffin)
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Can't tell if you're joking.
Europes' banking rules - resp. to PA
Posted by PA on 23rd of Jul 2010 at 10:22 am
Can't tell if you're joking. Only insolvents don't 'mark to market'. When the Japanese adopted those breaks of traditional GAAP rules in the 1990's, Westerners laughed at them. But since the credit meltdown, now it's okay? As an individual taxpayer you can't do it; why should the banks? What's so sacrosanct about them? They get away with murder. (read EG Griffin)