{"id":191575,"date":"2009-07-24T22:52:00","date_gmt":"2009-07-25T03:52:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/07\/24\/revenge-of-the-fasb\/"},"modified":"2009-07-24T22:52:00","modified_gmt":"2009-07-25T03:52:00","slug":"revenge-of-the-fasb","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/07\/24\/revenge-of-the-fasb\/","title":{"rendered":"Revenge of the FASB"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/img190.imageshack.us\/img190\/1705\/punkaccountants1255173.jpg\" style=\"margin: 0px 0px 10px 10px; float: right; cursor: pointer;\" width=\"400\" \/>Following the <a href=\"http:\/\/40yrs.blogspot.com\/2009\/04\/fasb-re-enables-crooked-incompetent.html\">humiliating climedown by the Federal Accounting Standards Board (FASB) on mark to market<\/a> in April of this year, where they re-enabled fantasy accounting, because of pressure from <del>whores<\/del> Congress and financial services industry, it now appears that <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601039&amp;sid=a5BsXz90CMso\">the FASB has found its inner punk<\/a>, and is saying that it might, &#8220;expand the use of fair-market values on corporate income statements and balance sheets,&#8221; which means that there is a whole lot of the big sh%$ pile that will shortly be valued on balance sheets as, well, sh%$.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the humiliating climedown by the Federal Accounting Standards Board (FASB) on mark to market in April of this year, where they re-enabled fantasy accounting, because of pressure from whores Congress and financial services industry, it now appears that the FASB has found its inner punk, and is saying that it might, &#8220;expand the use &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-191575","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191575"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=191575"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/191575\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=191575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=191575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=191575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}