On the recordMay 15, 2023
Under the Current Expected Credit Losses (CECL) system, we penalize every bank, every time they make a good business loan.
Source
congress.govUnder the Current Expected Credit Losses (CECL) system, we penalize every bank, every time they make a good business loan.
Sherman discusses how current accounting practices discourage banks from making loans.
Share
More from Brad Sherman
It is long past time that companies report how resilient they are, and hopefully move to become more resilient.
TikTok has come to mind. It's a national security issue. It's also an economic issue and one of fairness.
The politicians promised the American people we would pull out--not because our casualties were particularly large, but because they were on top of 20 years of war.
We have a capital gains allowance built into our tax code because we believe that encouraging people to invest in stocks means that you build the economy.