Re:Goldman-Sachs Posts $1.8 Billion 1Q Profit, Looks to Sell...
by jacoblyles on Tuesday April 14, 2009 @02:42AM
(#561116)
Accounting rule changes that were long overdue. I know of at least one case of a mortgage firm whose loans were performing but was put under by the decline in market value of its assets.
Presumably if Goldman Sachs' success is solely due to changes in accounting rules, we will see most other financial firms follow in their footsteps.
Presumably if Goldman Sachs' success is solely due to changes in accounting rules, we will see most other financial firms follow in their footsteps.