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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated
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To: Travis_Bickle who wrote (45785)10/18/2011 8:46:15 AM
From: StockGamer1 Recommendation   of 119360
 
Banks like GS, whose stock price is fairly secure, are reporting losses cause it's good PR. It's easy to do this: just beef up your loss reserves. When the Republicans have a firmer control of the government, they can convert those fat loss reserves to profits.

Banks like C and BAC with low stock prices that may be forced to raise equity can't afford to do that, so they have to resort to fake profits.
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