| ||||||||||||
|
|
Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
DVA, here we go again. Morgan Stanley has joined the parade of financials declaring funny earnings due to accounting tricks:
"Results for the current quarter included positive revenue of $3.4 billion, or $1.12 per diluted share related to changes in Morgan Stanley's debt-related credit spreads and other credit factors (Debt Valuation Adjustment, DVA)."
Shocked!
Posts
No comments:
Post a Comment