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15 entries from February 2009

Bank Nationalization Isn't the Answer

"People who should know better have been speculating publicly that the government might need to nationalize our largest banks. This irresponsible chatter is causing tremendous turmoil in financial markets. The Obama administration needs to make clear immediately that nationalization --... Read more →

No IFRS, Ands, or Buts Until Convegence, NASBA Tells SEC

""NASBA recommends to the Commission that the [IFRS] Roadmap be withdrawn due to the concerns [addressed in NASBA’s letter]. " The concerns listed by NASBA included the continuing need for the FASB and not letting it become, in NASBA’s words,... Read more →