Since late 2016 we have entered the age of disclosures! Fasten your mental safety belt and enjoy the ride! Heretic

Sunday, May 10, 2009

New accounting-"What would you like it to be, sir?"

Banks Won Concessions on Tests, Fed Cut Billions Off Some Initial Capital-Shortfall Estimates

I used to think that accounting were just some boring arithmetics. Not anymore, I am really impressed by the approach taken by Mr. US President.

On his other notable achievement in just his first 100 days in the office, I would like to congratulate him on the first in US history successful transfer of wealth from the poor population (see examples like this or that ) who most likely voted him, to the wealthy financial elite who most likely did not!

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