To: Bookwoman
Those who are criticizng this change in accounting policy should realize that it's only been in effect for about two years, and some critics say it was instrumental in triggering the financial crisis. Earlier posters have alroeady pointed out why it can make a financial institution's books seem in far worse shape than they really are.
20 posted on
04/02/2009 11:55:01 AM PDT by
Steve_Seattle
("Above all, shake your bum at Burton.")
To: Steve_Seattle
Right - I am in favor of getting rid of the changes that caused this mess.
42 posted on
04/04/2009 12:00:44 PM PDT by
Bookwoman
("...and I am unanimous in this..")
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