In The Front of Your Mind
Momentary musings in
NYC, Hong Kong,
London
in the back of your mind
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Blaming fair-value accounting for the credit crisis is a lot like going to a doctor for a diagnosis and then blaming him for telling you that you are sick.”
-Dane Mott , JPMorgan Chase & Co.
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The Big Picture | Fair-Value Accounting & FASB 157
POSTED Oct 01 2008 @ 4:07
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Blaming fair-value accounting for the credit crisis is a lot like going to a doctor for a diagnosis and then blaming him for telling you that you are sick.”