So the accounting rules say that a decline in the market value of a bank’s debt thanks to increased credit default swap spreads — that is, because investors think you’re more likely to fail — counts as a a profit. On the other hand, if your bank looks stronger, the spreads fall, and you book a loss.
zondag 26 april 2009
Newspeak van de banken: verlies is winst
Paul Krugman schrijft:
Abonneren op:
Reacties posten (Atom)
Geen opmerkingen:
Een reactie posten