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IPFS News Link • Economy - Economics USA

Gov't. to allow banks to lie and taxpayers to cover loaned out deposits

• Washington Post
Securities regulators and accounting rule-makers granted banks greater power to decide the value of their investments, even if market data suggest that prices should be lower to allow banks to report smaller losses, perhaps comforting investors.

1 Comments in Response to

Comment by Ron Moss
Entered on:

If Barney Frank can't solve the problem, maybe his male lover can, Is't he with Freddy mac?



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