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Bogus Bank profits from Obama Accounting rules

Discussion in 'Political Discussion' started by NEPatriot, Jun 5, 2009.

  1. NEPatriot

    NEPatriot Banned

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    Bank Profits From Accounting Rules Masking Looming Loan Losses - Bloomberg.com

    Obama wants everybody to think that banks are getting better.
  2. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    THe issue is still foreclosures the next wave is in process now as the Fed will have to raise interest rates to fund the dem spending orgy and there is another wave of interest rate adjustments coming up that will hit people who weren't subprime.

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