Moon Kil Woong
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Bank Of America: Piercing Its 'Opaque' Balance Sheet - Part II [View article]
The best BAC can do is fire their board and execs. All of them. They have made a royal mess. The second best is to bankrupt it and split it up to let the good parts spin off or get sold to someone who knows what they are doing. That is what was supposed to have happened in the first place without TARP, Federal Reserve meddling, and TBTF status implementation. Let capitalism work, not quasi-socialized banking.
If a Bubble Bubble Bursts Off the Balance Sheet, Will Anyone Be There to Hear It? [View article]
I should say it is probably embarassing to be a corporate accountant these days for financial institutions. You might as well just carry a giant rubber stamp around and replace your entire vocabulary with yes.