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Yahoo: Meltdown Accounting Rule

The House of Congress beats down a guy whose organization’s job is to promote transparency. They harangue him to get banks to cover up the value of their junk assets. These same politicians a few years ago beat on these same types of administrators to expose their junk assets.

For the enforcer, it’s damned if you do, damned if you don’t. For the politicians, it’s more hot air all the time.

More pandering, more pretending…while the wealth of the world hangs in the balance.


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