Tuesday, September 30, 2008

The Sting - Financial Style


This is a great irony -Paul Newman was not dead for even 1 week and "The Sting" was remade by people who were obligated to fight such things on the first place. FAS157 ( "Fair" Accounting Practices) will be re-interpreted and Level3 worthless assets and Level1 MarkToMarket assets will be permitted to be priced as Level2 assets ( Mark To Model) - as they holders please?

That is just another concept of "Funny Money" and if you or me would do such a trick we WOULD go to jail.