Relevant:
- Civil War In Corporate America: Banks Battling The Chamber On Accounting Rules
- The "Other" Real Estate Issue- Revisited
- Accounting for Financial Institutions Is a Mess
- Market Slumps After European Banks Admit They Can't/Won't Raise Capital; Will Proceed With Asset Liquidations Instead
- FASB May Let Banks Delay Losses on Some Asset-Backed Securities
2009-02-26 — businessinsider.com
" Thanks to an accounting requirement that investors somehow managed to get past the bank lobby, banks are forced to tell the truth about their loans once a year."
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