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http://iamfacingforeclosure.com/viewnews/2009-05-28_TheCurtainsAreOnFire.html
" To put this in a bit more simple form, this means that while the banks are claiming to be increasing loss provisions, loans are going bad faster than their provisioning is increasing - which means they're reporting "profits" that are false, as provisions for bad loans hit earnings. So we can take some more off those "reported earnings", as much as another $6-10 billion dollars."
" To put this in a bit more simple form, this means that while the banks are claiming to be increasing loss provisions, loans are going bad faster than their provisioning is increasing - which means they're reporting "profits" that are false, as provisions for bad loans hit earnings. So we can take some more off those "reported earnings", as much as another $6-10 billion dollars."
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xjlQzK comment4 ,
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