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To: BobL
Sorry for being cynical, but once we eliminate mark to market, the banks will be back to cooking the books...until they are COMPLETELY depleted of assets.

Sure glad we have laws like Sarbanes-Oxley on the books, or else things would have really gone down the toilet!

6 posted on 02/08/2009 2:42:32 PM PST by Night Hides Not (Don't blame me...I voted for Palin!)
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To: Night Hides Not

I don’t know enough about SOx, but our laws have been way too weak regarding banks. Just a few months ago they were all “profitable”, or at least they reported out that way. Now, ALL OF A SUDDEN, they are broke.

What gives...sounds like Enron on a huge scale.


7 posted on 02/08/2009 2:46:08 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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