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Thursday, October 29, 2009

Cute quote--Intermediate Accounting--Spiceland 5th Ed.

From my Accounting Textbook "The financial community continually devises increasingly exotic ways to flavor financial instruments in the attempt to satisfy the diverse and evolving tastes of both debtors and creditors." Chapter 15, Bonds


Yes, clearly the evolving tastes of debtors and creditors are difficult to satisfy. Thank God for those busy investment bankers and their crazy hijinx--else us debtors would never be sated.

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