Createspace Independent Publishing Platform
Accounting Perversion in Bank Financial Statements: Root Cause of the Ongoing Global Financial Crisis
0
Rate this book
Key Metrics
- Michael Schemmann
- Createspace Independent Publishing Platform
- Paperback
- 9781468171112
- 9.02 X 5.98 X 0.23 inches
- 0.34 pounds
- Business & Economics > Accounting - Financial
- English
$0
List Price:
$0
Save:
$0 ($%)
Format:
Paperback
Shipping
$4
Ships from:
-
Estimated Arrival:
-
Available Copies:
0 Copies
Ready To Buy:
Back Order
Secure TransactionSold By:
Readara.com
Add to My Wishlist
Book Description
The Global Financial Crisis of 2007 to perhaps 2012 -- or whenever the system is finally fixed -- is blamed on the credit rating agencies Standard & Poor's, Moody's and Fitch who certified pools of sub-prime mortgages as investment grade, on corporate psychopaths who took over Wall Street (the BBC's latest of 3 January 2012), the absence of banking supervision and capital inadequacy, all of which I believe is very much beside the point that turns the issue that our Global Financial System is kaput because of a misconception of what is money of the quality of legal tender, not bank-created points called dollars, euros, yen etc. classified as demand deposits that masquerade as liquid money, and are everything else but money. Thomas Jefferson, Irving Fisher, John Maynard Keynes, John Kenneth Galbraith are cited and would agree -- and I believe Mervyn Allister King, the present long-serving Governor of the Bank of England.
Accounting Perversion in Bank Financial Statements: Root Cause of the Ongoing Global Financial Crisis
Videos
No Videos
Community reviews
Write a ReviewNo Community reviews