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  • RateFinancial's Germack on the accounting practices of Circuit City and Citigroup

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RateFinancial's Germack on the accounting practices of Circuit City and Citigroup

What do Calpine Corp., Circuit City Inc. and Citigroup Inc. have in common? Aggressive accounting and lax recording rules. Despite reforms implemented post-Enron, America's complex accounting rules can easily be gamed to deceive investors about the true conditions of public companies, according to Victor Germack president of RateFinancials Inc. In this episode of Inside The Deal, Germack speaks with Suzanne Stevens about why accounting rules need to be overhauled in order to fix the financial markets.

Deal Video | March 3, 2009Watch more videos from Deal Video

Tags:. .enron. .overhauled. .deceive. .lax. .implemented











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