(Image from ConceptArt.com Environment of the Week Contest for Potemkin Village. The artists, unlike our government, know what they are creating is fantasy and not real. And they’re not being duplicitous.
Bob has asked for my comment on the proposal to move control of FASB from the SEC to the bankers. Here you go: should this proposal become law, then the second word of “accounting principles” is meaningless. And so will be my career. I will surrender my CPA certificate and seek work elsewhere, perhaps as a prostitute, which will then be the more honorable of the two professions.