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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dawgfan2000 who wrote (45823)	6/21/2003 8:52:29 PM
From: Haim R. Branisteanu	Respond to of 52237

True the financial statements could be a source for compiling the non performing loans. Personally I also have a problem with that. In the past 12 years I worked with banks to dispose of non-performing loans. There are two type of reserves general reserve and specific reserve the problem I have with bank's Q reporting is that they plain and simply lie, except the specific reserve which is chapter 7 / 11. I was involved in a situation that a very well known bank classified substantial amount of non performing loans as performing there was a big stink some agencies got involved but it was cooled down due to political machination. about 1 year later the bank wrote down something like $1 billion in bad loans ....... as a result of a bad acquisition they said ....... but they lied they just cleaned the books as the heat was to much. The top brass resigned ect., but no one went to jail for faking the books for few year as the stock went from around $30 to over $65 ........ now they are part of another "bigger" bank