Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (34140)	6/25/2012 6:07:21 PM
From: Seismo	2 Recommendations Read Replies (1) \| Respond to of 220739

Does anybody know what any U.S. bank is really worth? Remember, in 2008 FASB(Financial Accounting Standards Board) let the banks suspend having to mark to market their assets every quarter for balance sheet reporting. This was a GAAP(Generally Accepted Accounting Principle) requirement and the suspension was without precedent and is still in effect. If FASB did not do this it was feared that most banks would be reporting as insolvent. That's right, insolvent. So, now banks get to lie about the value of their assets. We have banks that are even LESS transparent than they were before 2008. So, how do we even determine the worth of a bank if we do not know the value of their assets? Again, we did not fix ANYTHING since the 2008 meltdown. JP Morgan recently proved this. There WILL be another crisis and the global central banks are now out of firepower to deal with it.