And so, as a US Bank - if it looks like the accepted accounting...

And so, as a US Bank - if it looks like the accepted accounting standards are going to expose your credit (ie - loan) losses ... as a condition of receiving another "stimulus" bail out ... no problem - you just get an abstention from having to comply with that accounting standard.

https://wallstreetonparade.com/2020/03/new-york-fed-has-allowed-dangerous-wall-street-banks-to-have-lower-loan-loss-reserves-than-at-time-of-2008-crash/

With everything else going on in the US banking system (particularly the FED) - is it any wonder why the more "saner" financial parts of the world want to bring these fraudsters to account. What the hell is wrong with the regulatory side of the US? It seems the Senate and Congress are just as infected as the FED. I thought Trump was going to deal with all this crap.

What an absolute freak show they are!!