Wow...accountants really do have a sense of humor!

From the Institute for Truth in Accounting: Bernie Madoff vs. Social Security

Forbes CEO: Obama repeats some Bush mistakes

(Reuters) - U.S. President Barack Obama is repeating George W. Bush's worst market mistakes, Forbes Inc Chief Executive Steve Forbes wrote in the Wall Street Journal.

"The most disastrous Bush policy that Mr. Obama is perpetuating is mark-to-market or 'fair value' accounting for banks, insurance companies and other financial institutions," Forbes wrote in an opinion column.

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How does a CEO answer questions about financial accounting when they’re asked by dimwits who don’t know enough to understand the answers?

You simply must read Accounting for (Congressional) Dummies