"Believe BB&T had $3.4 billion reserved at the end of the second quarter. Are you telling me that Kelly King has no latitude in the way that he writes that reserve (or a part of it) back into profits?"
The ALL is about $2.5 billion. Charge-offs are charge-offs. The provision should be based on current credit metrics. Within the next few qtrs. it should taper down to about 60 bsp annualized.
Of course, King has some latitude. The provision is not black or white. It's various shades of gray
I did not make your case. You simply do not understand portfolio accounting. I'm almost sure a major headline this qtr. is that bank's jack up their earnings by "robbing" money from their ALL instead of focusing in on the loan loss provision as % of their loan portfolio vs. their current credit metrics.
Yes, you have demonstrated that you can lead a horse to water but you can't make the animal drink.