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zigzagman

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zigzagman

Re: small cap investor post# 66

Sunday, 03/29/2009 12:39:29 PM

Sunday, March 29, 2009 12:39:29 PM

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You won't be able to properly analyze...

The balance sheet of any of the big banks using that latest balance sheet information that DD just gave you in that link...

That's because the FASB is going to announce changes to the Mark-to-Market accounting system after their board meeting on April 2nd that will be retroactive...

That means that much of the losses they are showing on their books now won't be there anymore, and all the banks balance sheets will improve dramatically...

So if they were having a negative 1st Quarter before, they won't be showing it anymore because of the changes in the M2M accounting rules...JMO

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