Crooks, Frauds, Liars, and Banksters

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Goldman Sachs and Merrill: Did December Ever Happen?


"It is difficult to tell why December was so bad when banks are providing different explanations. Public disclosures won’t help much. Goldman Sachs, for instance, announced earlier that it would change its fiscal year to end in December, unlike previous years when Goldman’s year-end was in November.
The move effectively eliminated a very ugly month from Goldman’s official annual financial results for both 2008 and 2009, although that was likely not the bank’s intent.

December’s results likely won’t show up in any of Goldman’s publicly disclosed annual financial statements. A mention of “more information” is coming in the quarterly filing. Still, future generations will look at only two sets of Goldman earnings: one that ended in November, and one that started in January. "


Ha.


Follow the link. Too funny, and you gotta love accounting.

http://blogs.wsj.com/deals/2009/04/14/goldman-sachs-and-merrill-did-december-ever-happen/