American Scofflaw
"Mark to Market" only works for a short while, then will crash the system.
That is what happened to Enron, who (together with Arthur Anderson) used "Mark to Market" to proclaim huge earnings and wealth even as they sank into the quicksand with their employees and investors.
Friday, March 27, 2009
Subscribe to:
Post Comments (Atom)
About Me
Parking Tickets
Can I pay my tickets here?
Let 'em Hear it
Gottcha, scofflaw
Hottest T-Shirts on the Web
No comments:
Post a Comment