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  • New Accounting Rule Delayed [View article]
    The article indicates the accounting must change but the capital requirements will be delayed. This gives the market visibility to what was not transparent which is still a positive step.

    Pretty clear the regulators are treating banks like babies.
    Dec 20 09:13 am |Rating: +2 0 |Link to Comment
  • Why Was the PPIP Extended Today? [View article]
    One of the loopholes in the PPIP is the bank's buy each other's toxic assets through PPIP and the government underwrites the risk - it is like taking your toxic assets through the car wash. Just another example of a Treasury led taxpayer funded giveaway.


    On Apr 06 02:51 PM Lonestar1 wrote:

    > AS FASB has revised MTM accounting rule, the seller side (banks)
    > has no incentive to sell those toxic assets any more. Perhaps hedge
    > funds know this, and thus do not want to participate. But the funniest
    > thing is that big banks are very interested in setting up PPIP funds.
    > I guess the end result is these guys can swap toxic assets at much
    > higher prices ?
    Apr 06 15:00 pm |Rating: +2 0 |Link to Comment
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