7.31.2008

Honest accounting too painful for FASB

If the doors of accounting were cleansed, every bank would appear to man as it is, insolvent.

FASB lets banks hide stuff off balance sheet for another year.
"If the doors of perception were cleansed every thing would appear to man as it is, infinite." William Blake Aldous Huxley

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Consider this

There are already 25 times more millionaires in the US than people who will ever be able to own one Bitcoin.