no need for new capital, change rules. SOV. Debt. markdowns only
apply to trading accounts. held to maturity not marked to mkt. just
like the US with CMBS.
Can't tell if you're joking. Only insolvents don't 'mark to
market'. When the Japanese adopted those breaks of traditional GAAP
rules in the 1990's, Westerners laughed at them. But since the
credit meltdown, now it's okay? As an individual taxpayer you can't
do it; why should the banks? What's so sacrosanct about them?
They get away with murder. (read EG Griffin)
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Europes' banking rules - resp. to PA
Posted by hazbin1 on 23rd of Jul 2010 at 10:17 am
no need for new capital, change rules. SOV. Debt. markdowns only apply to trading accounts. held to maturity not marked to mkt. just like the US with CMBS.
Can't tell if you're joking.
Posted by PA on 23rd of Jul 2010 at 10:22 am
Can't tell if you're joking. Only insolvents don't 'mark to market'. When the Japanese adopted those breaks of traditional GAAP rules in the 1990's, Westerners laughed at them. But since the credit meltdown, now it's okay? As an individual taxpayer you can't do it; why should the banks? What's so sacrosanct about them? They get away with murder. (read EG Griffin)