banks

  1. Redmoon
    239 Posts.
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    02/10/08
    08:11
    Post #: 4335003
    From http://online.wsj.com/article/SB122286874792094117.html

    The banks are blaming the rules, which require companies to use market prices when valuing assets and securities, for eroding their capital cushions.

    HAHAHA they were more than happy to use this rule when things were cruising along and prices going up.
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    lightbulb Created with Sketch.  Great analysis
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