No Shortage of Opinion on Fan, Fred Rescue

Posted by accountingweb on Sep 9 2008 711 printer friendly

By Edith Orenstein, FEI Financial Reporting Blog -
Extensive coverage continues today on the government’s rescue of Freddie Mac and Fannie Mae (see our post yesterday for background). The developments remain front page news – the story is also being played out on the opinion pages (including an op-ed by Presidential candidate John McCain and his running mate Sarah Palin.) See links here. On another topic - an article on accounting appeared in yesterday's WSJ written by L. Gordon Crovitz: "Closing the Information GAAP".

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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