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.
Editor's note · Context
Corker discusses banks' awareness of impending losses during economic recession.
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I want to thank the Senator for most of the comments he made. I think they were made very eloquently. I share many of the same concerns the Senator has. I voted to cause this to come out of committee because I felt this discussion on the…





