Reply to "same old story"

quote:
In addition to altering accounting guidance, bankers are pressing lawmakers to set up a procedure to retroactively recoup losses they have already taken on impaired illiquid assets



................................................
This is really pushing it. Are they hoping to retroactively 'restate' their losses and change their past income statements. FASB keeps changing their requirements and as much as this works in the Banks favor, it takes a lot of work to build the valuation models to comply.

×
×
×
×
×