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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (114974)	4/5/2008 12:25:27 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

>>April 4, 2008 FASB Votes to Eliminate Qualifying Special-Purpose Entities<< I'm not an accountant, and I'm not about to play one on the thread....does that mean that SIV's have been shivved (or shanked, 86'd, banned, booted, busted, barred?) Got bull$hit-to-English dictionary?<G> It would stand to reason that the only chance of getting anything remotely resembling the truth in earnings statements of financials will be if auditors demand it. Given their behavior in the Enron fiasco (where there morals were somewhat beneath the local crack whore) I'm not holding my breath. Does this change anything for them (more than theoretically?)