OK Doomers — Which One's from the Deliberate Satire?

  • Published: December 18th, 2008
  • Author:
  • Comments Closed

Igor managed to sneak one of the questions out of his Blogonomics 1101.1 final exam. 

Which one of the following statements is genuinely bogus?

  1. The Financial Accounting Standards Board will proceed with its elimination of so-called qualified special-purpose entities, deciding not to for the issue to be decided as part of the board’s convergence project with the International Accounting Standards Board.
  2. Bernard Madoff, who is alleged to have lost as much as $50 billion of investors’ money, was removed from a U.K. list of “approved” financial services providers, along with his brother and two sons.
  3. Former executives of the three major raters told a House Oversight and Government Reform Committee hearing Oct. 22 that they had relied on outdated models to maximize profits.
  4. "I’m sure that’d be even more terrifying if I knew what the points represented."
  5. Finance Minister Jim Flaherty has formally asked Alberta, Ontario and Quebec to contribute toward a government-backed $9.5-billion standby facility that would clinch a deal in the 16-month restructuring of wonky commercial paper.

 

You can click on the links to go to the original sources.

Share

Related Posts

  1. A Fine Line Between Satire And Reality (December 1, 2007)
    Tagged , in Humor

  2. Wall Street — Meet "Avenue Q" (September 18, 2008)
    Tagged in Humor

  3. Mike Folkerth wishes Doomers a Happy Black Friday (November 28, 2008)
    Tagged , , , in Finance, Politics

  4. Doomers–Tell the AZ Republic What You Think (August 12, 2006)
    Tagged ,
  5. Doomers- Please Critique This Loan (July 4, 2007)
    Tagged ,

Written by

More posts by:

Comments are now closed.