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Fed Eyes 'Amend-Pretend' Loans.

Authors :
ECKBLAD, MARSHALL
Source :
Wall Street Journal - Eastern Edition. 4/15/2010, Vol. 255 Issue 87, pC8. 0p.
Publication Year :
2010

Abstract

The article reports on the public-enforcement action by the U.S. Federal Reserve against a banking practice known as amend and pretend, a strategy of extending or restructuring failing loans that have a huge possibility to fail eventually in order to delay the calculation of losses.

Subjects

Subjects :
*BANK loan laws

Details

Language :
English
ISSN :
00999660
Volume :
255
Issue :
87
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
49771211