Goodwill - The Ultimate Scam in Something for Nothing
Most financial reports that I read that have goodwill give me serious problems in accepting them. Goodwill should be renamed Fudge Factor Gone Crazy. In too many reports I see earnings based on this goodwill nonsense, and then losses as it returns to the nothing that it came from.
Mish has one line in this post, "Goodwill charges are popping up everywhere, and will continue to do so."
Someone poisoned the fudge.