Brooklyn Federal Bancorp Inc. (BFSB)

[maddogs]

I believe acounting firms seperate on disagreements issues, and I think accounting firms and FASB standards are so screwed up that any valuations on anything to do with "secutities" are best measured in current market and markets at the street level. Meaning daily fluctuations all as seen by the holders and accounting firms must go by quarters not dailys. This seems to be the basis on disagreement in this case. Thus, an accounting firm is allways behind on the curve. The last months employ reports are a great example of leading trends that were, by me anyway, unexpected. What does that mean to a "regional/local Bank"? Do they see a leveling that is happenning during a Quarter or even two, that should be representative of a turn, that the Acct. firm cannot take as FASB prevents such. We remember the MARK to MARKET changes, back and forth, in 2009, that without which, above 8500 on the DOW would not have been possible.

Just saying the markets are possibly at another step point where current FASB accounting could be positively "accounted" for should 250K "new jobs private" start becoming the rule instead of the exception. This "Employ", would definitly hit the bottom line for the regionals and selling off certain assets below, what street level Banks think they can get for them in one quarter+, or value at, is what I believe this accounting issue is about.

Fasb does not allow for the future, only the past. Where as the company could be wrong, being they have street level observation going back 100 years for their market, maybe they're right.