Sep 9th 2008
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".