LLP, Loan Loss Provision Explained

Описание: (Originally Acquainted, Feb 11, 2013) -
Sorry Folks! I accidentally deleted my last 30 videos;
I'll be re-editing and uploading some of them...

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Wall Street banks can manipulate their balance sheets at will and report any profit they choose. But eventually the toxic crap on their balance sheets will need to be written off.

For The Full Video Visit MoneyWeekVideos:
The trick that turns banking losses into profits, Nov 9, 2012
   • The trick that turns banking losses into p...  

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Loan loss provision (also known as "valuation allowance" and "valuation reserve") is an expense creditors budget as an allowance for bad loans. Most banks have seen steep rises in loan loss provision due to customer defaults during the 2008 Financial Crisis.
http://www.wikinvest.com/wiki/Loan_Lo...

Definition of prevision, loan loss prevision (LLP) and loan loss reserve (LLR)
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