Seeking Alpha
  • David Urban
    The EU threw the banks a bone by allowing them to write up bond positions trading above par so that the writedowns are not so bad. $$ $DB
    10/27/11
    Reply (2)
    • mun2000: agree is just BS accounting scheme they will not show the loss their garbage will be superevaluated .
      10/27/11
    • mun2000: example a mortage of 300000 euro that is now 150000 they will consider value 250000 and show profit .BS economics got them there
      10/27/11