haku: @indexterm FINANCIAL ACCOUNTING / yhteensä: 306
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| Tekijä: | Kane, E. Yu, M.-T. |
| Otsikko: | Measuring the true profile of taxpayer losses in the S&L insurance mess |
| Lehti: | Journal of Banking and Finance
1995 : NOV, VOL. 19:8, p. 1459-1477 |
| Asiasana: | MEASUREMENT TAXATION FINANCIAL ACCOUNTING |
| Kieli: | eng |
| Tiivistelmä: | This research shows that conservative methods of projecting and discounting cash flows, if applied to information already collected in the FHLBB's reporting system, would have reflected the size of the S&L deposit-insurance losses long before taxpayers were aware of the extent of the mess. Official data show FSLIC reserves of $4.6 billion in 1986. In sharp contrast, the authors' conservative estimate puts imbedded losses for that year at $45.3 billion. These methods prove insensitive to arbitrariness in the assumptions needed to operationalize the discounting process and measure the extent of "guilty knowledge" it is fair to assume the officials possessed. |
SCIMA