Showing posts with label FASB. Show all posts
Showing posts with label FASB. Show all posts
Tuesday, 17 March 2009
Problem Solved.
Missmarketcrash is quite impressed by a new solution to solving the economic crisis. The Financial Accounting Standards Board has come up with a twistedly marvelous solution. I admit I did try and read the original text issued by the FASB and my eyes swam straight to the back of my head and made a slight popping noise. With that, I will just say that I am pleased the whole mess might just be solved by a little accounting derring-do. The Calculated Risk website does a very good job of explaining all here...
Labels:
banking crisis,
Derivatives,
economic crisis,
FASB,
wow
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