Adjusting things up and down?
Oct 2nd, 2008 by Randy Toman
“House Republicans also welcomed a decision Tuesday by the Securities and Exchange Commission to ease rules that force companies to devalue assets on their balance sheets to reflect the price they can get on the market.”
What in the heck does that mean? I thought we lived in a free market “Capitalistic” nation, were markets do go up and down. And assets (Stocks, Real Estate Currency) do fluctuate with market conditions. Why would the Republicans be happy with someone or some company’s ability to artificially keep (say) their assets were on the books at a higher value, when in reality they are worth, say, 50% of their shown book value, which represents true market value.
They at one time would have called that deception, lying, even cheating and dishonest if done. I think the Bible has something to say about false weights doesn’t it? Would somebody please tell me the whole story, am I missing something?
If that is the case why don’ they adjust everything up and they won’t have to borrow from us and while they are at it adjust my few pennies up and so I might become a millionaire and live high on the hog. They are happy is this a joke? And don’t call me ignorant and say I just don’t understand THINGS.
We Shall See!