Latest Bank Failures

[robomarkov]

Bank Failures: Consequences Of Expansion
By ROBIN SIDEL and DAMIAN PALETTA (Wall Street Journal OnlineJuly 28, 2008

Comments

[robomarkov]

Loan Loss Provision
An expense set aside as an allowance for bad loans (customer defaults, or terms of a loan have to be renegotiated, etc).

Notes:
This would be a bank's equivalent of a manufacturing company's allowance for returns on goods sold.

Also know as a valuation allowance or valuation reserve.

Re: off topic but cool

[robomarkov]

Nifty technology for those that actually have use for an alarm clock.