Big Banks Are “Black Boxes,” Disclosure is “Woeful”
From The Big Picture
January 3, 2013 - 7:15am
“The banks should give a full, fair, and accurate account of their financial positions and they are failing that test.” -Kevin Warsh, former Federal Reserve Board member “After serving on the [FASB] board, I no longer trust bank accounting.” -Don Young, Financial Accounting Standards Board “Do I trust Bank Accounting? Absolutely not.” -Ed Trott, Financial Accounting [...]
January 3, 2013 - 7:15am
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