ST Alpha - ""If mark-to-market accounting is to blame for the current financial crisis, then the National Weather Service is to blame for Hurricane Katrina." -- (link)" (Reading a Post)

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"If mark-to-market accounting is to blame for the current financial crisis, then the National Weather Service is to blame for Hurricane Katrina." -- (link)

Posted by znufrii Mar 13 '09, 06:32

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http://www.nytimes.com/2009/03/13/business/economy/13norris.html?hp (www.nytimes.com)

Responses:

The solution to the lack or oversight and control to prevent irresponsible actions is LESS oversight? - The Calico Cat Coaliton Mar 13, 06:36 2
- I can see the idea behind it, so much of the foundation of the financial industry is based on financial sleight-of-hand in the first place. - znufrii Mar 13, 06:39 1
  - That and this: "I call it �Alice in Wonderland� accounting, after Humpty Dumpty�s claim in that book " - The Calico Cat Coaliton Mar 13, 06:43

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