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-   -   Bailout Banking Question - CPAs? (http://forums.pelicanparts.com/off-topic-discussions/443986-bailout-banking-question-cpas.html)

Mo_Gearhead 12-01-2008 07:05 AM

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.

dtw 12-01-2008 08:45 AM

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.

jyl 12-01-2008 10:23 AM

Simply check the EESA website, here:

http://www.treas.gov/initiatives/eesa/transactions.shtml

Mo_Gearhead 12-01-2008 10:35 AM

Thanks John, that will do for my needs.


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