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  • How The "Taper Tantrum" Cost US Banks $25 Billion In Q2 Net Income
    Ever since back in 2009 the US financial system effectively suspended Mark-To-Market accounting for the too big to fail (and all other) banks (read our description of FAS 157 and 115 here ), the Income Statement impact (i.e., net income above the [Other Comprehensive Income] line) of wild interest rates moves on bank balance sheets has been one thing US banks have not had to worry about. The ...
    July 1, 2013 - Zero Hedge

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