GAAP

Where corporate consolidation is allowed, social benevolence must be compelled, lest monopoly rule where democracy pretends. See it in action.

 


 

 

 

 

 

 

 

The sign above the chow line read:

TAKE ALL YOU WANT, EAT ALL YOU TAKE

It was a notion designed to stem waste and it worked. An adage good enough to regulate the behavior of our fighting men and women should be good enough for Wall Street, but it isn’t. Wall Street routinely takes truckloads more than it needs, and when it gets caught with its lunch trays stacked to the rafters with far more than it could possibly use, it issues evasions and excuses that would cause a private first class to blanch.

GAAP is a predominant dodge used by such hogs. It stands for generally accepted accounting practices and it is used liberally by those who gorge themselves to such obscenely criminal degrees in the ‘open’ market that they are actually called to account for themselves. Questions are asked and they are obliged to fill the spaces between the questions with words and sentences that approximate rational responses but which strain to say nothing.

This garble of evasions was plucked from one day’s hearing on corporate malfeasance (aka: financial hijinx). The images span years of high falutin self congratulations.

Soups on.

Director’s Statement

“How is this possible?”