Sub-prime off balance sheet hidey hole found Wednesday, December 05, 2007
Techdirt reports that a Georgia man was notified that he had a negative balance of $211 trillion at his Wachovia bank account.
So that's where all the off-balance messes have been hidden away until now. I reckon he should agree to buy the back at 27cents on the dollar and pocket the profit.
Confess you have to wonder how it was that nobody in accounts/financial control had spotted that the trial balance and balance sheet numbers had gotten quite large at Wachovia.
Labels: humour
posted by John Wilson @ 12:09 PM Permanent Link
newsvine
reddit
