andruomail

Wells Fargo 'Profit' - People Have Short Memories

Not when market value is determined by whether their regulators will put up with their reported lack of profits...


On Apr 09 02:27 PM Larrysyr wrote:

> If a change in accounting rules results in a change in reported profits
> which results in a change in market value, yet the underlying institution
> hasn't changed, haven't we conclusively disproved the efficient market
> hypothesis?