ST Alpha - "The solution to the lack or oversight and control to prevent irresponsible actions is LESS oversight?" (Reading a Post)

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In response to ""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)" by znufrii

The solution to the lack or oversight and control to prevent irresponsible actions is LESS oversight?

Posted by The Calico Cat Coaliton (aka seandunham) Mar 13 '09, 06:36

What a dumbass...that's like saying the solution to teen pregnancy is less chaparones

Responses:

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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