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FASB Fair Value Proposal Brings the Hate

Posted on June 17, 2010 by Caleb Newquist

“In my mind you are largely responsible for the market collapse in 2007, 2008, 2009.”

~ John Sherman, in a public comment on the FASB’s proposed fair value rule, most of which are really, really, really not nice.

Posted in Quote of the DayTagged Fair Value, FASB

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Next: Accounting News Roundup: UBS Set to Release More Names as Standoff Ends; SEC Drops Cassano Inquiry; Levin, McCain Want Stock Option Gap Closed | 06.17.10

Related Posts

  • Quote of the Day

New Jersey Should Send a ‘Thank You’ Note to California and New York

  • Caleb Newquist
  • November 9, 2010

“In the recently-released 2011 State Business Tax Climate Index, New Jersey finally moved out of its last-place ranking on that list, in part due to Christie’s veto of the millionaires’ tax he mentioned during his interview. While it still ranks a pretty dismal 48 out of 50, it proves that improvement is possible, even in a state with a tax policy legacy as historically abysmal as New Jersey’s.” [Tax Foundation]

  • Quote of the Day

Jeff Skilling Will Tell You That Prison Has Its Drawbacks

  • Caleb Newquist
  • June 15, 2010

“Could you buy me a cup of coffee? Inmates aren’t allowed to touch money or approach the machines. They could put me in solitary for a week.”

~ The former Enron CEO is adjusting to his 24 year vacation.

  • Quote of the Day

Quote of the Day: Is Michael Koss a Sad or Happy Clown? | 03.04.10

  • Caleb Newquist
  • March 5, 2010

“Michael Koss is a clown. He does not belong on the board of directors of any company. He needs to be minding his own company, and until he can clean things up there, he should not be allowed to go outside and play.”

~ Tracy Coenen, on Mr Koss’ resignation as the Audit Committee Chairman of Strattec Security Corp.

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