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October 01, 2008

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I never expected to get that huge ass cell phone last month either.

'Mark' is sooo right on!

“Mark to Market” accounting means that you show assets on your balance sheet at their market value.

In the world according to GAAP, you can only do this when the market value is less than the original cost, minus any depreciation you take.

It's been the rule throughout this administration; if shit looks bad, change the rules until it doesn't. Good examples are the war as emergency funding so it doesn't hit the budget (what the fuck kind of emergency last for 5 years?), excutive privledge determinations from departments like the EPA, Commerce,etc., Cheney's own branch of government accountable to no one, etc. Impeach, dammit!

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