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n. Illinois | I have seen some regional banks actually take the loss by selling the underwater bonds because they had serious liquidity issues, The lies they put in their financial statement to hide what they just did are extremely creative. They don't say this: Dear Shareholders we just wrote off $100 million of your equity by selling some T-bills, Mortgage Backed Securities etc that we purchased in 2020 when interest rates were extremely low to fund the expansion of our lending even though we shrank our average interest rate margin by 25 BP just so the Financial analysts the follow us think we are still growing. (there is nothing worse than being a bank that doesn't grow in size) Growth of earnings is not the goal amazingly enough. | |
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Compeer Financials
