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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (29922)	11/26/2008 2:56:02 PM
From: DuckTapeSunroof	Respond to of 71588

Re: "They used GAAP. Generally Accepted Accounting Procedures allows a company to use current assets in a plan to determine the amount required to add...." Yes, I know. (Doesn't most everyone know that?) I was SPECIFICALLY meaning the ridiculously optimistic RATES OF RETURNS that regulators allowed companies to ASSUME for the asset classes of investments that they utilized... and the (often) sadly deficient rules for prudent diversification.... Garbage in (into your assumptions...) and it produces Garbage Out on the other end....