Wednesday, April 22, 2009


In this FDIC report/counterpoint--billions in pushdown accounting by the acquiring banks to "massage" earnings and massage the FDIC's result (survivorship bias), and China balking at any more losses in bonds:

Foreign bond holders, like the government of China, have reportedly told the Obama Administration that further losses to debt holders of US banks will result in a boycott of US Treasury auctions.

Posts links are even "twittered."

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