On May 6, 2009 public accounting firm, Grant Thorton sent a letter to Timothy Geithner, Ben Bernanke and Sheila Bair addressing bank capital requirements and the allowance for loan losses. I believe that this letter completely explains the auditor’s viewpoint on these two issues and offers the regulators a solution for protecting banks from future losses. Read the letter…
By Tom Beisner, CPA, The Whitlock Co., Tuesday, May 13, 2009-
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