rogersails

Are the Banks Telling Us the Truth?

Isn't the "Act of Fraud" you speak of the same thing as not "marking to market" - the very act our leadership has muscled FASB into condoning ?

Why It's Better to Bail Out Borrowers than Banks

On bailing out banks vs borrowers:
I've wondered if granting bailout money for banks involved an "understanding" that the banks would pass a piece of the money to borrowers in the form of mortgage workouts - with or without being compelled by the feds to do so. Is there any data comparing "bailout money" in vs "workout money" out at various banks ? Bailout money has been publicly well document. Workout money reports have been scattered and anecdotal.
If banks are passing some of the bailout funds through to borrowers, a lot of us would feel better about the current state of affairs. If the bailout funds wind up in the banks pockets while borrowers are still squirming on the hook, our darkest cynicism will have been validated.

How to Not Pay the AIG Bonuses

In the tech industry that I came from, when it was crunch time, people were laid off. Layoffs were a function of:

A. Contribution (or lack of)
B. Salary

Just fire em all. What do their contracts say about that ?

AIG Bonuses Draw Abundant Anger

In the tech industry that I came from, when it was crunch time, people were laid off. Layoffs were a function of:

A. Contribution (or lack of)
B. Salary

Just fire em all. What do their contracts say about that ?