Wednesday, January 30, 2008

Subprime Lenders Getting an Accounting Break from the SEC?

Posted by Plus Master at 11:01 AM
 

Commentary by Jonathan Weil on the Bloomberg Website has suggested that the SEC’s staff has granted the subprime-lending industry a huge exemption from the normal rules for off-balance-sheet accounting.

While a noble objective, ready why Jonathan feels that it is a good deed that will need to be accounted for here at Bloomberg.Com.
POSTED IN Subprime Fallout Opinion

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