The Fog of DeRegulation: Profits vs. Transparency
The American Bankers Association has asked the SEC to override accounting guidelines which require mark-to-market pricing for all securities, including flawed mortgage-backed securities carried on the books at asset values (prices) that are highly unlikely to be realized. The guidelines would make transparent the extent of hangover each institution has from the perfect storm of […]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Tuesday, October 14, 2008
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