"Financial engineers invented securities that would count as equity for bank regulatory rules and balance sheets but looked like debt to the Internal Revenue Service.”
http://www.nytimes.com/2014/09/05/business/fed-rules-tighten-what-banks-can-count-as-an-asset.html [Fortunately they’ve regained their senses and we’re moving forward towards a new and improved dystopia] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
