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News & Current Events Discuss Accounting Plan Would Allow Use of Foreign Rules at the General Forum; http://www.nytimes.com/2008/07/05/bu...html?th&emc=th WASHINGTON — Federal officials say they are preparing to propose a series of regulatory changes to enhance American competitiveness ...

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Old 07-05-2008, 06:36 AM
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Default Accounting Plan Would Allow Use of Foreign Rules

http://www.nytimes.com/2008/07/05/bu...html?th&emc=th

Quote:
WASHINGTON — Federal officials say they are preparing to propose a series of regulatory changes to enhance American competitiveness overseas, attract foreign investment and give American investors a broader selection of foreign stocks.
But critics say the changes appear to be a last-ditch push by appointees of President Bush to dilute securities rules passed after the collapse of Enron and other large companies — measures that were meant to forestall accounting gimmicks and corrupt practices that led to those corporate failures. http://www.nytimes.com/2008/07/05/bu...html?th&emc=th
Did you ever just find one too many dog turds in your yard? And you've told the neighbors and called the police. And everyody says you're just imagining the stuff you're scraping off your shoes every day.
And today you walk out on the lawn and step in a big pile of soft great dane puppy pooh, and you just feel like saying ,"Whatever."
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