News keep getting extended. The news of yesterday ripples riding the days, the weeks, the months, and keep extending into the years.
Nothing is new, but everything is rarely more than 4 years old.
It has been almost 5 years since the financial meltdown, and the SEC is rushing to avoid the statute of limitation. Even the firms that survived are still imploding.
FASB is not just regulatory compliance; it is also the basis for sound investment and management. They are not made by democratic vote; they are made by experts targeting weaknesses in the system. If you don't follow the rules, at least you need to know the potholes, or you will end up discovering them.
The Libor, the banking crisis, the slowdown, the constant swapping of CEOs, the Arab world, patent wars, the EU, and the South China Sea.
An overlooked opinion had a catchy phrase: The world cannot afford endless litigation against banks.
