written by Tom Beisner

Tom Beisner head shot

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…