« thinking: only for sissies, not for monopolistic telecoms | Main | Blind growth and social networking technology »

Comments

Vincent Poncet

Bankers were all really happy of FASB 157 when prices were going up, that book valuation should be the actual market price, blablabla, so accounting profit could go higher ... and manager's bonuses too...

Now, they are all explaining that marking to actual prices is wrong because market is irrational, etc... so, lot of accounting losses and manager's bonusses should go down now.

Some are now explaining franckly that marking to market is a good thing when price are going up, but not when price are going down.
http://calculatedrisk.blogspot.com/2008/07/when-in-doubt-blame-accountants.html

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name is required. Email address will not be displayed with the comment.)

My Photo

Contact


  • Phone: +33 6 8887 9944
    Skype: sigurd.rinde
    iChat/AIM: sigrind52

Tweet this


Thingamy sites

  • Main site
  • Concept site

Tittin's blog


Hugh's


Enterprise Irregulars


Faves

Twitter Updates

    follow me on Twitter

    alltop


    • Alltop, all the cool kids (and me)

    Subscribe

    Blog powered by Typepad
    Member since 01/2005