Grant Thorton Addresses Bank Capital Requirements in Letter to Regulators
Wednesday, May 13th, 2009On 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 to protecting banks from future losses.
