2006 April 02 | Capital Flow Watch

Bernanke QE2 'stimulus' is just another tax, disguised as inflation. #tcot >>
Food Price Inflation No Longer Theoretical http://capital-flow-watch.net/kob Retirees screwed by BHO falsification of CPI index. #tcot >>
Volcker warns of inflation risks of Bernanke 'printing dollars' stimulus program. http://capital-flow-watch.net/c6b #tcot >>
Bernanke starts to debase dollar big time, promote inflation, help Soros with his dollar short positions. #tcot Obama to party in India. >>
Pelosi to stay as House minority leader; Reid Senate majority leader; O still in WH. Bernanke at Fed. Salvation postponed til 2012. #tcot >>

US SEC

FASB fox guards investors’ henhouse

By John Schroy, on April 2nd, 2006 |

The Financial Accounting Standards Board (FASB) is made up of seven members, six of whom are either ex-partners of major accounting firms or former high-ranking financial executives of their clients. Accounting practices and standards have a profound effect on capital flows, measured in hundreds of billions and even trillions of dollars. The interests of the issuers of securities are quite different from those of small investors who own these securities.

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