With the relaxation of “mark to market” valuation rules announced by the accounting trade’s self-regulatory body, our bankrupt financial institutions can escape their own reality by pretending to be solvent. The unraveling of our fairytale economy over the last few months has not yet convinced us that the time has come to put away childish things. The applause that greeted the news yesterday on Wall Street is a clear sign that we still have some growing up to do. FULL ARTICLE
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6 comments ↓
so it looks like people are going to try to play the pretend game for a little while longer, pretend that things are better than they are.
that’s only going to make things worse later.
That’s right, and even if the people wanted something different, the politicians and their corporate backers sure don’t want the crash to continue on it’s needed course and correction – because that would shake up the status quo, in business and government.
forget tryin to change the mind of people or the gov’t.
just postition yourself properly for the coming problems that these so-called fixes are going to create.
It seems we here in America have been ” assuming the position” far too long ! So When are you,me and everyone going to get tired of having to stay in “That” position ? After all If i am going to keep getting “screwed”…i would like a kiss and a hug afterwords ! Or is that too asking too much ? After all we the people are the ones who allowed this to happen you know…
Yes it was us Steve. And if it – the screwing- continues no one has to look any further that the same old boo-hoo crowd.
If talk was the cure, there wouldn’t even be a scar left, but it is not the cure, just the opposite is true, but chasm between doing and not doing is about the same depth as the chasm between talk and action.
I will never vote for a candidate of the Republican Party again. Is anybody listening?
If I never voted for any of these people that are in the federal government, if I took my voting seriously and never accepted either of the two evil choices that were forced upon me, if I never approved of any of these actions and never gave them my support or sanction – how the hell can I be responsible?? I hold the voters responsible.
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