Accounting Tricks for Bankrupt States: A Field Guide

January 26, 2011   |   January 2011 Bond Updates
Word today that New York State would be taking over running the finances of Nassau County, New York set off chuckles throughout the region. "Inmates running asylum?" tweeted my co-worker David Whelan, and yeah, it's tough to imagine a more ridiculous situation than having Albany come in to help you with your books, except for maybe inviting Bernie Madoff to the White House to help fix Social Security.

View more at: http://blogs.forbes.com/danbigman/2011/01/26/accounting-tricks-for-bankrupt-states-a-field-guide/
 
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