The IASB and FASB have been working on accounting rules for the “losses” at the banks. Someone is either in for a surprise or somehow the banks will escape the rules. One thing is certain, that the accounting firms that provide the auditing services and certification of the statements of the mega banks are in […]

Tags: accounting rules, bank balance sheets, FASB, IASB, mortgage backed securities, mortgage bonds
Posted in bubble, Corruption, Eviction, securities fraud |