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On 5/8/2003 11:49:54 AM whatkindoffreshhell wrote:
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On 5/8/2003 10:57:57 AM buzzkill wrote:
After Carty''s fiasco why are the airlines persisting in cooking the pension books?
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Who is "cooking" the pension books? Seems like an accusation that should be backed up by some proof.
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Okay, WSJ page three 050603. Google. Dogpile. Also I''ll bet the FASB has got an opinion. You do know the FASB of course.
Now why don''t you go and demand proof for each other accusation floating around on this board? You must be consistent, or am I just going to be a special target for you?
Listen, you obviously have expertise and/or sources. Use it.
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I don''t subscribe to the WSJ, but the NY Times referenced a WSJ article in yesterday''s paper regarding airline pensions. Maybe the full WSJ article details the book "cooking" you referred to. The NY Times article simply lays out the fact that there is legislation that aims to allow airlines to delay contributions to underfunded pensions for nearly five years. I don''t see how that is "cooking" the books.
I don''t know a lot about FASB, but as far as I can tell, the airlines are following FASB''s accounting rules and/or seeking to legally change those rules, not "cooking" any books.
As far as demanding proof from others who make accusations on this board, give me some more time, I''ll get around to it. I''m not picking on you, so relax and don''t cry foul so easily.
Finally, I don''t have any special expertise or sources, just access to Internet search engines and a desire to form my opinions based on facts. It''s easy to throw out accusations of book "cooking". Maybe you are right, I just want to see that you made that statement based on substance.
Why are you so frustrated that you have to back up your statement? If you have the facts, just show them.