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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (457387)	2/18/2009 11:13:55 AM
From: i-node	Read Replies (1) \| Respond to of 1578497

>> How do you know their assets are fairly valued? The answer to this question, by necessity, requires one to ask, "Which assets?", since different assets in a bank's financial statements are valued using different accounting techniques. The valuation of assets in financial statements is a fairly well-defined process that is detailed within the notes to financial statements and has been the subject of examination by independent auditors. So, it is pretty easy to determine whether one is comfortable with the financial statements of a bank. You just have to take the trouble to read them, which I do from time to time. Aside from that, most of our banks are small banks. And the one we rely on most is one whose lending department I've dealt with for years (on behalf of clients) and I'm intimately familiar with their lending practices -- there is literally no way in hell they're going to get caught up in problem loans. Isn't happening.