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03/06/2015

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Of course, one way for a company to find some cash to pump up its pension plan is to sell off half the firm. That's what MTS plans to do with its business services division, Allstream, in a $520 million sale. About $240 million of the ultimate proceeds will go into the pension plans or settle pension mk outlet related debt..

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Yesterday in my blog post I asserted that banks are fraudulently dragging out the foreclosure process on homes, including delaying the accounting declaration of delinquencies. This serves two purposes: 1) It allows the banks michael kors handbags outlet to release previous loss reserves into their income statements by lowering their loss reserves and recognizing the "release" of these reserves as income, thereby boosting earnings. This is a pure paper/phantom GAAP accounting manipulation that will ultimately hammer most banks down the road.


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