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Yes of course. And Reagan inherited Jimmy Carter's mess. Bush Sr inherited Reagan's mess. Bush Jr inherited Clinton's mess. Somebody is always...
Why would you have to? They're not predicting the future of the US economy here. People always to two things. On one hand they over-simplify...
For what? So they could get more toilet paper for actual goods? I'm not making any predictions, but there's a HUGE difference between the US...
Once again, I don't know how you got on this train. When you stated GAAP, I assumed U.S. GAAP. I doubt that is an unreasonable assumption given...
Edit, That is: "Just about everything (yes, just about, not all) Enron did complied PERFECTLY with rules-based GAAP
And Sammy wonders why I call him a moron. LMAO. Since people started having inklings of knowledge of other parts of the world, there have been...
Except there's one problem. Principles-based accounting and rules-based accounting are both GAAP. IFRS has nothing to do with it. FASB itself...
I'll play. Forgive me for using the FASB example again, but I'm rather trying to put it into a context that you can understand, since you brought...
What crime do you allege? The law doesn't prosecute based on stupidity. If it did you'd have to tack many more names to that list of yours. I...
I understood your points perfectly. Except there is just one problem. You alleged fraud. Hence to claim the U.S. government somehow was too...
10b-5 implies fraud. No fraud = no 10b-5. I'm surprised it didn't even get through your thick skull Sammy.
I read your post. It contained no useful information/argument, hence what I call drivel. My post on the other hand, was highly informative,...
So that's it then? Your retort was Wachovia's money laundering, which incidentally has ABSOLUTELY NOTHING to do with the subject in hand? I...
I probably also should note that I've made a typo in one of my previous posts. The total sub-prime on Agency balance sheets were 32% in 1997 (not...
Except I didn't turn it into a defense of Goldman. A defense of Goldman stands on its own merit and like I said and still maintain, you have no...
LMAO. Well let's see, HSBC said in 2006 they see no profit in the U.S. housing market (this of course, after they dumped billions into it as...
Btw, you'll excuse me if I have a laugh over Josh Birnbaum's claim that Goldman was "hedged." As far as I'm concerned there are only two ways you...
Once again, immaterial. As I already told you, it took me 20 - 25 minutes, without any kind of analytical software, to determine that security...
Well let's see Sammy. According to my prediction when this whole **** was actually going on, I said that I cannot foresee a circumstance in which...
