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Evolved
Join Date: Jan 2007
Posts: 3,338
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Bailout Banking Question - CPAs?
I am reading about ... (but am still confused) the "Bailout" money that is going to certain U.S. banks.
If I am looking at a prospectus for a banking institution over the next few quarters, am I going to be able to find a specific "line item" in the balance sheet that pertains to any money that bank may have received from the Government? Or, am I going to have to look at the "shareholder listings" and will that specifically list the US Government as a holder of a certain class of security? Anyone here know how this is unfolding, as far as public disclosure is concerned? Thanks.
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GAFB
Join Date: Dec 1999
Location: Raleigh, NC, USA
Posts: 7,842
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I'm sure if nothing else, it'll be in the MD&A in the Qs and in the footnotes of the Ks. That's just my gut feeling, I haven't read up on any specific authoritative guidance as of yet.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? Last edited by jyl; 12-01-2008 at 10:25 AM.. |
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Evolved
Join Date: Jan 2007
Posts: 3,338
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Thanks John, that will do for my needs.
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