The Undollar Digest

So Bad It’s Good

Statement 159 Helps Unhealthy Bank Book Healthy Earnings
Eric Fry, www.dailyreckoning.com, 07/15/2010
Straight from the “Only in America” file: Second quarter earnings were so bad…they were great!
Yes, dear readers, it’s true, many of America’s largest financial firms are producing such dismal operating results that their reported earnings might actually benefit.
Are you confused yet?
Here’s how it works: A [...]


You must be logged in to view the rest of this article

Users are required to register with our site before viewing this article. Registration is FREE! If you are already registered you may sign in below.

If you are not signed up you may do so in the form on the left. A username and password will be emailed to you.