Quote of the Day: Explaining Accounting Principles to Congress | 03.30.10

“There’s no chance that four CEO’s are going to explain the accounting code to the fine folks in Congress; explaining how to boil water would challenge the format.”

~ Megan McArdle, Business and Economics Editor of the Atlantic, on why asking CEOs to explain why they are complying with GAAP vis-à-vis healthcare reform is a pointless exercise.