The Financial Accounting Foundation voted 12-2 that FASB accounting rules supercede GASB rules in regard to utilities, hospitals, and colleges and universities owned by the government.
Aylwin questioned the validity of the decree, citing international treaties that require Chile to respect human rights. He said some jurists believe the treaties supercede any amnesties, and can be applied retroactively.
But Controller of the Currency Robert L. Clarke thinks raising the standard any higher would supercede plans to make a risk-based capital standard the primary focus for evaluating the adequacy of a bank's capital.
What Judge Bork has said is that, within the constitutionally defined boundaries, neither judges nor other selfrighteous groups have a right to supercede or obstruct democratically chosen laws.
The provision would leave intact any state law that is stronger than the federal language, but supercede weaker laws.
The agreement comes just two weeks after the Miami cruise ship operator agreed to pay Gotaas-Larsen $260 million for its stake, and would supercede that earlier agreement.