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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (903)	6/11/2008 5:46:28 PM
From: morokko65	Read Replies (2) \| Respond to of 3209

It is my understanding that accounting rules have been tightened and a whole universe of exotic financial vehicles and "assets" & derivatives, etc that were previously held off of balance sheets now have to be declared and marked to market. Regulated institutions then have to have capital reserve requirements to offset losses at a time when capital is already thin, so that new requirement is what is pressuring these banks in this latest round of declines This may be an oversimplification, maybe some accountant/finance types can chime in