Which corporations will toss aside in a New York minute if they think they can get away with it.Royal wrote:you need one world accounting.
Don't we supposedly have such a beast already? GAAP? Generally Accepted Accounting Practices?
Which corporations will toss aside in a New York minute if they think they can get away with it.Royal wrote:you need one world accounting.
MrPenny wrote:Which corporations will toss aside in a New York minute if they think they can get away with it.Royal wrote:you need one world accounting.
Don't we supposedly have such a beast already? GAAP? Generally Accepted Accounting Practices?
And this ladies and gentlemen....is what terrifies most of the big banks....the idea of reporting "fair value" on their bullshit "assets." If they did, they would be bankrupt in much more than a rumor...it would be fact for all to see.Royal wrote:reporting items according to fair value.
Read Mur's last article on his Meltdown thread here, man.MrPenny wrote:And this ladies and gentlemen....is what terrifies most of the big banks....the idea of reporting "fair value" on their bullshit "assets." If they did, they would be bankrupt in much more than a rumor...it would be fact for all to see.Royal wrote:reporting items according to fair value.