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September 28, 2023

When accounting goes unaccounted for

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balance sheets

Financial Reporting

House Lannister’s Balance Sheet (Unaudited) Isn’t Looking So Hot

by Caleb Newquist

On April 24th, Game of Thrones premiered its 6th season on HBO and fantasy literature nerds everywhere shook their fists in the air at George R.R. Martin. For those of you who imagine me to be a duplicitous ‎villain not worthy of the Mother’s mercy, you won’t be surprised to learn that House Lannister is […]

News

Pondering Bank of America’s Balance Sheet

by Caleb Newquist

As far as the market is concerned, more than half of the company’s book value is bogus, due to overstated assets, understated liabilities, or some combination of the two. [Jonathan Weil/Bloomberg]