Posted on 04/13/2010 2:03:27 PM PDT by Faketan
Oh, I see. It sounds line the result of new disclosure regulation(s). Thanks for the clarification.
If I were a large bank in this country, I’d be working to cut costs, while building capital reserves and slowly bringing all the bad debt back onto the balance sheet or dumping it.
That way, you stay in business and don’t have to declare bankruptcy.
In fact, it seems to me that’s what the banks are trying to do. Now if we can keep our president from screwing things up further, we might just survive.
mmm
Citi is doing just that. They are following a strict business plan. We’ll see if they expose any skeletons from their closet.
KD updated that. He’s still worried, though, because it’s a major shock to balance sheets.
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