Movie with a Happy Ending?

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting, Managerial Accounting.

When the Treasury Department bailed out AIG and said two years ago that it was likely to lose only about $5 billion on the bailout, Neil Barofsky, a former official of the Troubled Asset Relief Program (TARP) declared that the number was “manipulated” as part of a “publicity campaign” to boost the positive aspects ahead… Read more »