This is totally a joke

Not long ago, in Q3 2008. FASB released 157-3, asked to built in risk-premium discount in the M2M valution and we were pressured by the auditor. The auditor from BIG 4 agreed this is non sense, but they said if you wanna us to certified the finanical report and states your report is in compliance with GAAP, then you must do whatever FASB said.

Now, only two quarters, the rule totalled changed. You don't have to use the current market price if it's in a distressed market. So now, all finanicla sectors could cliam this is a distressed market.

You can't change the game rule all the time.

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• no other choices anymore. Gov has no more money -pediatrician2- ♂ (413 bytes) () 04/02/2009 postreply 09:57:40