Look! i just changed *my* accounting standards. Now my creditors owe me money, and the IRS is late on a few refunds.
John
· 11 months ago
I guess it makes no difference where in the world one might be, if there is a human being/s who believe that greed still lives and that corruption can thrive, some will always be able to make a living. Hedonic indexing, moving numbers around to give the appearence that all is well when it's not continues. But in reality, all they are doing is prolonging the inevitable collapse that will occur. Until the people demand change from their elected officials, they will continue goosing the system with the thought that they will never have to pay a legal price for the harm they have caused and the same holds true for those we have elected who continue to turn a deaf ear while looking the other way.
Anonymous
· 11 months ago
Chris-
This is an excellent post. Thank you for highlighting this issue.
It seems clear that the Europeans have discovered the joys of Enron-style accounting. That said, here's my question:
How is this Bush's fault?
John
· 11 months ago
That's simple. The europeans used the Bush playbook on corruption and grand theft. Both Paulson and Bernanke were grand masters at theft, deciet and obsfucation. As the old saying goes, if you can't dazzle them with brillance, baffle them with bullshit.
Anonymous
· 11 months ago
Aren't the Europeans supposed to be virtuous and perfect?
Isn't it their fault, for following the "Bush playbook"?
All Comments
I am more naive than I thought......
Hedonic indexing, moving numbers around to give the appearence that all is well when it's not continues. But in reality, all they are doing is prolonging the inevitable collapse that will occur. Until the people demand change from their elected officials, they will continue goosing the system with the thought that they will never have to pay a legal price for the harm they have caused and the same holds true for those we have elected who continue to turn a deaf ear while looking the other way.
This is an excellent post. Thank you for highlighting this issue.
It seems clear that the Europeans have discovered the joys of Enron-style accounting. That said, here's my question:
How is this Bush's fault?
Isn't it their fault, for following the "Bush playbook"?