tag:blogger.com,1999:blog-3323125037607548189.post3075175634306916515..comments2024-03-15T02:40:09.484-04:00Comments on Wall Street Manna: BAC and C: We made "errors" when we cooked our booksPalmonihttp://www.blogger.com/profile/17670456087642069778noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3323125037607548189.post-80031604481509018392010-05-27T21:15:05.936-04:002010-05-27T21:15:05.936-04:00Hi I work in the industry and I think it’s importa...Hi I work in the industry and I think it’s important to note that SEC Chief Accountant James Kroeker said last week that they hadn’t found evidence of balance sheet management being widespread (http://www.webcpa.com/debits_credits/Finance-Execs-Fret-over-Accounting-Standards-Overload-54317-1.html) and now less than a week later the Wall Street Journal (http://online.wsj.com/article/SB10001424052748704792104575264731572977378.html?mod=WSJ_Markets_LEFTTopNews) is reporting that Bank of America Corp. and Citigroup Inc. used balance sheet management, including the use of repo agreements. The SEC also asked 19 other firms to clarify its usage of balance sheet management practices. It is clear that the SEC is trying to marginalize a small number of firms in order to avoid criticism of failure to cover balance sheet management in the past.Jay Ryannoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-70739033073326016722010-05-27T12:22:38.491-04:002010-05-27T12:22:38.491-04:00Then gold should swell too right?Then gold should swell too right?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-25141616252834941122010-05-27T09:03:19.289-04:002010-05-27T09:03:19.289-04:00peeler--M3 contraction? the grapevine rumor is tha...peeler--M3 contraction? the grapevine rumor is that you'll soon be helping it in a big way!!Palmonihttps://www.blogger.com/profile/17670456087642069778noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-25283569517778286712010-05-27T08:54:37.154-04:002010-05-27T08:54:37.154-04:00deflation to the 9th degreedeflation to the 9th degreeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-72391570010865361492010-05-27T08:36:56.856-04:002010-05-27T08:36:56.856-04:00What's your thoughts around M3 contraction and...What's your thoughts around M3 contraction and potential implications?<br /><br /><br />PeelerAnonymousnoreply@blogger.com