Meanwhile, the SEC extends the compliance date for the new short sale rule by more than three months.
Obama tried to get Asian countries to change accounting to mark to market. Peter Schoonheim says the International Bank of Settlements of Basel (which Soros led at one time) told Congress to switch to the new accounting, FASB 157, back in 2007 and this led to the market meltdown and eventually leads to total transfer of ownership and control of capital, production, etc to the government.
Thanks. Do you have a link?