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Regulator Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books

April 3rd, 2009 accounting book

Ryan Grim Huffington Post March 13, 2009 http://www.huffingtonpost.com/2009/03… Before financial institutions have collapsed over the past several months, they have come to the Financial Accounting Standards Board, pleading for a change in mark-to-market accounting rules so that they can continue to appear to be solvent on their balance sheets. Robert Herz, head of the FASB, told a panel of lawmakers Thursday that the loudest critics of fair market accounting practices have been the very …

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Perdisco manual accounting practice sets

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One Response to “Regulator Before Banks Collapsed, They Pleaded With Feds To Let Them Fudge Their Books”

  • probinsontx 03Apr09

    one of the few …
    one of the few times i laughed during this discussion.

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