Repeal FASB 157!!!!!

Discussion in 'Economics' started by Dr.Greenback, Sep 22, 2008.

  1. Can someone explain to me why this has not been brought up by any of these two candidates. The minute they repeal this rule the Dow goes to 14K. This is the main cause for all these write downs and loss in stock values.

    I don't see the benefit for these new accounting laws anyway. A mere rudimentary understanding of this rule would cause somebody in Washington to act,; I would think. What am I missing?

    It seems so obvious, but maybe I'm missing something.