More Transparency Coming to Hidden Costs of 'Extend & Pretend' Strategies
Troubled Debt Restructurings Expected To Rise as New Accounting Rules Just Weeks Away
May 18, 2011
The number of loans that banks have to classify as troubled debt could increase dramatically in a few weeks as a result of new accounting rules issued last month. The new push to reclassify some loans is already hurting some lenders, and the reclassifications are expected to shine a spotlight on the commercial real estate lending practice that has come to be known as "extend and pretend." more
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