The Sunshine Report

Veritas Financial Partners
Information about finance, the economy and business. Entertaining and informative. Seeking Alpha Certified Mark Sunshine Chairman & CEO

Category Archive: FAS 140

  1. Securitization Accounting Rules Are Changing

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    Accoun­tants are chang­ing the rules gov­ern­ing most of the shadow bank­ing sys­tem and almost no one is notic­ing. About 10 days ago the Finan­cial Account­ing Stan­dards Board con­firmed that by year end “secu­ri­ti­za­tion account­ing” will be dif­fer­ent and the changes are likely to have a big­ger effect on finan­cial insti­tu­tions than mark to mar­ket account­ing. […] [read full story]

    Posted in: Accounting, economy, FAS 140, FIN 46, Finance, Public Policy, Securitization

  2. A Letter To President Elect Obama – How to restore confidence

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    Dear Pres­i­dent Elect Obama: As you get closer to inau­gu­ra­tion I would like to make a few sug­ges­tions for your admin­is­tra­tion and its future eco­nomic pol­icy. Every­one knows that the econ­omy is in trou­ble and con­fi­dence in the future is low. Con­fi­dence in the United States eco­nomic sys­tem and gov­ern­ment is our nation’s most impor­tant asset. Unfor­tu­nately, […] [read full story]

    Posted in: Accounting, BANKS, Confidence, Credit Crisis, Credit Default Swaps, Deflation, economy, Fannie Mae, FAS 140, FASB, Finance, Fiscal Policy, Freddie Mac, Mark to market accounting, Obama, Politics, Public Policy, Regulatory Reform, SEC, Securitization