TheBookkeeper

Clock is Ticking for Banks With Asset Quality Issues (Part II)

Mindi did you ever consider that today's bank failures are brought on by bad bookkeeping. Are you aware that bookkeeping is a 650 year old language whose fundamental controls were abandoned when record keeping moved from paper and punch card systems to computer code? Do you know that accounting is a strategy run subject to that bookkeeping framework of rules? No accountant or economist that I know of, knows a proper bookkeeping's finely tuned rules. Bookkeeping is a piece of the banking story you would do well to consider.