Explanation of why banks have gone under or merged


This by Marc Herrenbruck (No way I could come up with this!): “Crazy times. Whatever the political posturing, a plan needs to be passed. Credit markets are frozen and banks are going bust every day. This is not totally because of “toxic” mortgages. This has a lot to do with FASB 157, also known as … Continue reading Explanation of why banks have gone under or merged