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View Diary: Banks Reporting Phantom Income on $1.4T Delinquent Mortgages (29 comments)

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  •  bank accounting is so (2+ / 0-)
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    ybruti, millwood

    accounting is so down the rabbit hole, who the hell nows what is what anymore.

    According to bank accounting logic.  I can declare Im worth 100 million, because see, last night I bought a lottery ticket, which could be worth 100 million, until that lottery happens, Im worth 100 million.  Of course if I lose, Ill just buy another ticket and keep that huge lie of worth alive.

    Bad is never good until worse happens

    by dark daze on Wed Jan 26, 2011 at 10:27:12 AM PST

    [ Parent ]

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