Civil War In Corporate America: Banks Battling The Chamber On Accounting Rules

Disgust for the banking industry. There are more of us than them. Why is this allowed to happen?

Bankers are are unrepentant scum. If they knew there were consequences for their actions (real jail time for violating real and enforcible regulations) they might act differently. I understand that it's bad to over-regulate, but some common-sense regulations must be enacted to keep them in line. We know they're incapable of self-regulation.

What ever happened to Ed? Ever since he started waffling on Health Care Reform I don't even recognize the man as the respected Colorado Dem he once was.

Say it ain't so Ed!

Please wake up America!

THEY WANT TO PLAY. FINE. TAKE ALL YOUR MONEY OUT OF THE BANKS FOR A MONTH, DONT USE YOUR CREDIT CARDS FOR A MONTH AND DONT PAY THEIR BILLS TIL THEY ARE 29 DAYS OVERDUE... IT WONT AFFECT YOUR CREDIT AND YOU WILL BRING THEM TO THEIR KNEES.. THATS WHAT THEY UNDERSTAND.. MONEY....NOTHING ELSE.

As a former accountant, I am APPALLED by this latest attempt to commit accounting FRAUD! Yes, you read that right...FRAUD!! If this passes, God forbid, then we will not be able to believe any of the numbers that the banks report. Already, given the suspension of mark-to-market rules, banks' financial results cannot be trusted. However, if financial institutions are able in the future to ignore accounting rules any time they want to, there will be NO transparency. It was bad enough that the FASB was BULLIED by the government into suspending mark-to-market accounting. But if financial institutions are allowed to ignore Generally Accepted Accounting Principles (GAAP) we will have NO accountability, whatsoever!

Excuse me, but doesn't this nation have MUCH more important things to worry about, like . . . like . . . making DAMN sure the genitals of one man may not touch the genitals of another man. THAT is what makes our nation GREAT. Have you no priorities?

But its OK if they are on your chin right patois? This decision will be fine as long as I can do it with my Mortgage and Credit Cards

since Reagan the banks have been playing with money like casinos.
time to re-regulate them to the boring utilities they were in the 60's.

Can any bank supporter tell us how many banks failed this year?