> RoMunn wrote: >> ten years, why should you be forced to mark those assets to market during a >> period at which you have no intention of selling them? Makes sense to me, >> but I'm not an accountant. >> > Apropos of which: > > http://uk.reuters.com/article/businessNews/idUKTRE53I1GR20090419 >
Well then why ever fairly measure your value for any business? e.g., I'm worth a billion. Ok, now please lend me $900,000,000 and as collateral I post my assets valued at ... oh, lookee here, $20 billion ... on second though lend me $19 billion. Oh, and my company is public and it made $20 Godzillion last year so my share price should be $40 billion per share. Getting the point? If you don't have accounting rules that allow consumers to fairly value products and services (like bonds, stocks, and collateral) then you don't have an economy. And EVERY TIME the US government allows these tricks disaster results: ENRON / Anderson Accounting ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:295440 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
