Saturday, November 7, 2009

Bank oversight

Hullabaloo
Wow. The banks are trying to create a new oversight board that can change accounting standards whenever they need to hide risk and insolvency from investors and the public. Seriously. And they are doing it in the name of making the economy more stable, if you can believe that. See the real problem comes when people know that banks are failing. So they need to keep that information hidden lest the whole system becomes unstable.

No comments:

Post a Comment

Not moderated but I do delete spam and I would rather that people not act like assholes.