On the recordFebruary 4, 2009
I think the big, the 90 percent issue is that many of these banks know because of GAAP accounting on their accrual loans they haven't taken losses that they know are coming.
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congress.govBob Corker: “I think the big, the 90 percent issue is that many of these banks know because of GAAP accounting on their accrual loans…”
Editor's note · Context
Corker discusses banks' awareness of impending losses during economic recession.
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