2009-02-25 — ml-implode.com
" Two weeks ago I wrote “With Allstate You’re Not in Good Hands.†The company had convinced regulators to change its capital adequacy requirements allowing, among other things, the inclusion of deferred tax assets as regulatory capital. I did some digging and, sure enough, Allstate’s story is not unusual. "
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catherine at 00:39 2009-02-26 said:
Great Depression redux....................one of the first things they did to keep banks whole was RELAX THE RESERVE REQUIREMENTS these bankrupt companies HAVE TO GO any money we pour into them is like propping up a delinquent child after 3-4 arrests, money down the rabbit hole.......................... we have thousands of banks 300 have to go by May and we will survive as a nation....................... Permalinkadd a comment | go to forum thread
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