Petrie, CMB, said Fannie and Freddie's "longstanding lack of clarity" underscores the need for a
bright line.
Through the debate--and the recent grief surrounding the NYU tragedies--there are traces of a
bright line forming.
And because the current standard draws
bright lines, CPAs find it less subjective and are more comfortable with it.
However, with the
bright line rule, we won't ever be tasked with that," he added.
"This legislation draws a needed
bright line between the primary and secondary markets, which will empower the regulator to keep Fannie Mae and Freddie Mac focused on their mission," said Pfotenhauer.
Laser line projectors are available in two models, standard line and
bright line. A brighter line can be useful when line brightness is decreased by surrounding light in the operating area, or when multiple projectors are in use and line differentiation is required.
The first is to stick with the Christensen-Bond-Nickles
bright line approach but to remove the loopholes.
In Boyle, 469 US 241 (1985), the Supreme Court unanimously (but with a four-justice concurring opinion) attempted to draw a "
bright line" for reasonable cause.
A
bright line in the November image, thought to be a fracture, seemed to have evolved into a bright patch in the July picture.
"We're trying to do something to create a
bright line. This rule may not be perfect, but why don't we put something in force and put it in practice, because it does give some guidelines," Diner said.
The term "clear line" resembles the classic legal term, "
bright line," for a test that clearly and unambiguously dictates the legal conclusion given a set of facts.