but NOT the valuing of those assets nor the "bundling" that was done to make a package of bad paper look good. and that is the problem...... value of the paper is far below what was reported..........thus a deficit.
This did NOT happen in many large institutions, just those that CHOSE to it that way. If as YOU claim it was because of regulation ALL banks would be in the same boat....they are not. On 9/27/08, Gaar <[EMAIL PROTECTED]> wrote: > > On Sep 27, 12:54 pm, "Mark Kahle" <[EMAIL PROTECTED]> wrote: > > sorry but that is a bill that "allowed" different practices NOT one > > that "disallowed" the tried and centuries old true methods. the choice > > was left to the grubbers as to how they accounted for assets. > > Bullshit. > > Try READING the Bill as well as the following Legislation. > > It REQUIRED certain changes in the Accounting and Reporting of Assets > by ALL Public Companies. > > Again, your ignorance on the matter notwithstanding. > > > > -- Mark M. Kahle Blessed are the bewildered for they don't know the difference.... Me --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
