Headlines: Paying the dead, a few questions for Goldman and doubling earnings with reserves
Posted on October 29, 2010 at 05:27 AM EDT
Stacy Summary: Obviously, reserve requirements are, shall we say, not exactly written in stone for the TBTFs. Banks double earnings by taking from their reserves set aside to cover loan losses A few questions on Goldman Sachs’s Q3 results that nobody thought to ask Feds paid dead (peasants) $1 billion in past decade (SH – [...]