The recent rally in the stock market has been led by the very same financial sector that dragged down the market. Thanks to the modified mark-to-market accounting rules, several banks have seen much improved balance sheets and reported better than expected earnings for the first quarter of 2009.
What's the magic about "the modified market accounting rules"? Read more...
Visit our new home at cartoosh.com to see more cartoons and arts at our gallery today!
No comments:
Post a Comment