Anytime a movie references “Connecticut”, it requires a mandatory reference in any of my blogs. This reference applies to the 5 FASB board members based in Norwalk, CT, whose members who were subjected to intense political pressures to relax Mark-to-market accounting rules.
Transparency becomes Opaque when you are scared to death.
I also discuss conversations with lenders and mortgage brokers in the past week and what constitutes a Happy Thought. Are we able to look at the housing world objectively with so much of it under duress?