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mookiemookie · 09-07-09, 04:21 PM

There was actually a proposal floated last November to forgive 40% of credit card debt as part of a bailout. A lot of banks were behind it (because the banks would defer the loss recognition on their books to some point in the future), but the Office of the Comptroller of the Currency called shenanigans on the accounting treatment of it and nixed the whole deal.

09-07-09, 04:21 PM	#2
mookiemookie Navy Seal Join Date: Nov 2005 Location: Houston, TX Posts: 9,404 Downloads: 105 Uploads: 1	There was actually a proposal floated last November to forgive 40% of credit card debt as part of a bailout. A lot of banks were behind it (because the banks would defer the loss recognition on their books to some point in the future), but the Office of the Comptroller of the Currency called shenanigans on the accounting treatment of it and nixed the whole deal. __________________ They don’t think it be like it is, but it do. Want more U-boat Kaleun portraits for your SH3 Commander Profiles? Download the SH3 Commander Portrait Pack here.