Tuesday, January 25, 2011

What next?

… as time goes on, and I experience more as someone trying to communicate “how to meditate”, it has become obvious that there are obstacles on both sides of the communication.  This book boldly and directly approaches that.  Here is a link to the publisher’s page which allows you to browse in the book.

gotta keep up, maybe not, maybe ok

… who knows what’s happening anymore as the “world” shifts from being “real” or a “place” to being a quantum possibility or a new, consensus agreement.  What is making him go on like this? 

Look:

Just Change It

accounting

Are your pesky investors demanding that you beat earnings expectations?  Are those same investors expecting you to make a profit on your real estate portfolio?  Having difficulties in these trying times?  No need to worry friend; if something is hampering your success because of an “outdated” silly notion like honest accounting – just change it.

  • GAAP accounting got you down?  Just change it – use non-GAAP accounting.
  • Non-GAAP accounting got you down?  Just change it – use Pro Forma (aka, make-it-up-as-you-go-along) accounting.
  • Mark-to-market accounting for housing hampering your bonus?  Just change it – get Congress to force FASB to suspend it in favor of “Mark-to-Unicorn” accounting.
  • Going to report a huge EPS loss?  Just change it – turn all recurring losses into “one time charges.”
  • Are you the Chairman of Federal Reserve and worried about the MASSIVE potential losses you may experience by guaranteeing everything on Fraud Street?  Just change it – change the accounting procedure and make the Treasury eat the losses.


In a recent report from Bank of America we read:


Accounting change prevents a Fed “insolvency” scenario


Mounting concerns about Fed “insolvency” post QE2