World-News: US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages

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US Banks Reporting Phantom Income on $1.4 Trillion Delinquent Mortgages

The giant US banks have been bailed out again from huge potential writeoffs by loosey-goosey accounting accepted by the accounting profession and the regulators.

http://bit.ly/i2InMs

From Information Clearing House

http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mortgage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks

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Starmail - 13. Jan, 23:12

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