BANKIng - REPORTED PROFITS / LOSSES ARE MEANINGLESS

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BANKIng - REPORTED PROFITS / LOSSES ARE MEANINGLESS

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Honzajs119

iTuliper

Join Date: Feb 2008

Posts: 59

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BANKIng - REPORTED PROFITS / LOSSES ARE MEANINGLESS

June 03, 2008, 07:01 AM

Must read:

http://www.bloomberg.com/apps/news?s...U&pid=20601109

+ one more - how can banks postpone losses

http://www.sec.gov/divisions/corpfin...lueltr0308.htm

Take these two together and BANKING REPORTED PROFITS / LOSSES ARE MEANINGLESS.

Digging into the figures is a must.

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