Thursday, January 3, 2013

After serving on the [FASB] board, I no longer trust bank accounting.

Don Young,  Financial Accounting Standards Board

Do I trust Bank Accounting? Absolutely not.
Ed Trott, Financial Accounting Standards Board member

http://www.ritholtz.com/blog/2013/01/big-banks-are-black-boxes-disclosure-is-woeful/

http://www.theatlantic.com/magazine/archive/2013/01/whats-inside-americas-banks/309196/?single_page=true#

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You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

Harlan Ellison