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Accounting changes NOT factored into “stress tests”

Posted, by Bullion Bulls on May 24th, 2009

Only weeks after Tim-the-tax-cheat's “stress test” farce finally concluded, the FASB announced a significant change in its accounting rules. For once, the change is toward more responsible accounting.The U.S. accounting regulator “sold its soul” a couple of months ago, when it caved-in to bankster demands for “mark-to-fantasy” accounting rules. This allowed much of the U.S. financial crime syndicate to report fantasy “profits”, which, in turn, temporarily prevented the share prices of these fraud-factories from plunging to new lows.

Authored by, Bullion Bulls
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