Comments for Are the Banks in Trouble? at http://atlanticfreepress.com , comment 1 to 2 out of 2 comments http://atlanticfreepress.com Thu, 09 Feb 2012 18:04:31 +0100 FeedCreator 1.7.3 http://atlanticfreepress.com/news/1/2354-are-the-banks-in-trouble.html#comment-5621 What about Bank of America in Placentia. Calif. Would like more information b of A Thank you. Mabel Johnson - mabel johnson Wed, 16 Jul 2008 16:13:56 +0100 http://atlanticfreepress.com/news/1/2354-are-the-banks-in-trouble.html#comment-3011 I thought it interesting over the years that Greenspan would interject his opinions in areas that I would have thought he would have no need to. In 2004 he was suggesting homeowners would be better off with adjustable mortgages. He has repeatedly supported the concept of derivatives, even writing a letter opposing their regulation. Even back in 1997, Greenspan criticized FASB for being "piecemeal" in its application of fair value accounting. Greenspan was critical of the International Accounting Standards Committee's proposal for comprehensive fair value accounting. It comes down to bankers not liking fair value accounting, because it can lead to more fluctuation of values in financial statements as interest changes occur, and Greenspan has always been in the bankers's corner. Now watch the result as we reap the whirlwind. - a guest Thu, 13 Sep 2007 17:23:39 +0100