Thu, Aug 21, 2014, 9:06 AM EDT - U.S. Markets open in 24 mins.


% | $
Quotes you view appear here for quick access.

Direxion Daily Financial Bear 3X Shares Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • tigerpac tigerpac Feb 16, 2010 9:30 AM Flag

    My folks had a second house they rented out

    Banks can continue to recognize the revenue from the loans as long as the don't foreclose on the loan. Profit goes straight to the bottom line.

    All legal per GAAP accounting.

    All it does is create phantom revenues and profits that will have to be reversed at some point. Not sure where the offsetting entry for each transcation goes. One would expect the loan loss reserve to rise but it's definitely not going up as muchas the phantom profits are.

    One last thing. Bank bonuses are being paid based upon these phantom profits. Talk about screwing the shareholders while not helping your customers.

16.96-0.03(-0.18%)Aug 20 4:00 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.