NJ5 on 05 July 2009
| kowenicki said: @nj5 Who says banks havent disclosed their bad debts?.... the ones that have had assistance certainly have done.... you dont think that governments have bailed out banks without looking very deeply into the books do you surely? Come on! Dont believe what you read in the papers... governments dont thrown billions at banks for the fun of it - God I hate the financial press. You are just plain wrong.... auditing and due dilligence, reporting to the BofE and the FSA in the UK has been ramped up hugely... I am sure it is the same in the US too. |
How much bad debt have UK banks written off in their fiscal reports? That should be the first thing to look at, if we want to assess whether everything has been disclosed.
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