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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (54337)1/14/2014 9:12:58 AM
From: robert b furman  Read Replies (1) | Respond to of 71406
 
I'm not sure how it is accounted for.

My first thought is it would be written off each year.

Surely the banks do not want to pay a tax on a profit that was not realized.

I'm sure it is a billion dollar problem - much like the fees that are charged by the card companies and the banks behind them.

Revenues are huge - and so are the charge offs.

Bob