Wall Street Manna

An irreverent look at Wall Street

Saturday, February 28, 2009

The latest bank "discrepancys"

Citibank: Carrying loans on book at $660.9 billion; 10K filed today discloses that "fair value" is $642.7 billion - a "discrepancy" of $18.2 billion dollars.

Bank America: Carrying loans on book at $886.2 billion; "fair value" of $841.6 billion, a shortfall of $44 billion.

Wells Fargo: Carrying loans on book at $843.8 billion; "fair value" of $829.6 billion, a discrepancy of $14 billion.
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