thanks that was a great call of truth
Dislikedtoday the banking sector dropped , pulling the stock market down with them, due to reforms being proposed in Senate . I wonder why lol... I will tell you why
CAUSE THEY ARE LYING AND HIDING THIER LOSSES.
How ?? This is an easy one. 2008 markets were tanking and banks taking a beating. Housing sector tanking. At that time we had mark to market .
What is mark to market ? In a nut shell in 2008 it used to be that if a bank made a loan against an asset it worked like this :
Loan :400 k , asset value 450 k .. equity in asset if laon goes to...Ignored