katec

BofA, Wells Fargo: No Equity After Accounting for Bad Loans

Why does not someone wake up and realize that we need to get rid of mark to the market accounting?????? This is what led to the depression in 1929~! Furthermore, you cannot combines commercial and investment banking! I had faith in Bernanke as I had understood that he had studied the crash of 1929???? Write your congressmen to get rid of Mark to the Market accounting!!