The FED doesn’t have to give any financial guidance pertaining to “hide ” your losses because generally accepted accounting principals, (GAAP) were thrown out the window after the last crash. There is no more “mark to market”. Of course banks know this so the article that the FED gave them the same accounting advice that has been used for years…[Read more]
In reply to - The Doc wrote a new post, Someone Is Lying… The Fed, or Tyler Durden? Submitted by Bill Holter, JSMineset: No truth to this @zerohedge story. The Dallas Fed does not issue such guidance to banks. https […]↧