Carl Levin actually said...

Is it appropriate to use it as a tool to manage earnings?

Levin asks about the appropriateness of using accounting standards for earnings management.

09/19/2012

More Carl Levin Quotes

Well, I am glad to hear you acknowledge at least that it is a contributing factor.

It is a cause, but it is not exclusive.

And yet we see this major change in the basis while the same contract was in effect, is that correct?

Do you believe that it was a big factor prior to 2004?