Quote:
Originally Posted by Baraka_Guru
Yes, but there are number that can't lie.
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I sit in board meetings and help to craft annual reports and 10Ks from time to time. It's easy to shuffle one line of accounting into another line to make the best possibility of shitty numbers so that they look better. Write up some good text around it, and voila, it's potentially good for a few points up on the stock. GAAP and BLC allow for lots of liberty.
Quote:
Originally Posted by Tully Mars
Most of your post makes little to no sense to me.
For some reason I feel tempted to respond by posting the address and firm names of numerous lobbying groups. Though I have no idea what that would prove either.
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Sorry doing too many things at once. The list I posted should have stayed as a table, here's a graphic instead.
You can see that the banks weren't in free fall as far as closures are concerned nor was unemployment. Graphs of those time periods would not show a sharp drop off as you are implying.
FDIC: Failed Bank List
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