http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7536683/SEC-quizzes-US-banks-over-accounting-practices.html
Hey.... are you guys doing that to?
Lol NOW THEY ASK
Shouldn't they already KNOW the answer to that question?
Any bank that took TARP money should submit to an auditing of their books now
"The letter" leaves it open for self regulation again, and hiding and avoiding secrets is their favorite game.
The US’s leading financial regulator is quizzing major Wall Street banks and insurance firms to ensure that they are not using the secretive off-balance sheet techniques which in part led to the downfall of Lehman Brothers.
The SEC has sent letters to the chief financial officers of the US’s 24 biggest financial institutions to ensure that such techniques have not and are not being used.
The requests demand specific information about the use of repurchase agreements, as well as for how such agreements are accounted for and disclosed to investors.
