If you thought accounting was just numbers, think again. In the Geithner Treasury, numbers are merely suggestions. The troubled banks "haggled" to get the bad figures reduced so they did not have to report even worse numbers. This continues to show how much power and influence those most responsible for our economic crisis hold even today. No change, just more of the same. Reuters:
At least half of the banks pushed back against the preliminary findings of the tests, the Wall Street Journal said, citing people with direct knowledge of the process.
Citigroup's capital shortfall was reduced to $5.5 billion from about $35 billion after bank executives persuaded the Fed to include future capital-boosting impacts of pending transactions, the paper said.
Wells Fargo's shortfall was cut to $13.7 billion from from $17.3 billion and Fifth Third's was reduced to $1.1 billion from $2.6 billion.
