Capitalized Cost
Equipment valuation determined for the purpose of depreciating equipment over time.
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Funny Money
There IS something funny going on. But it's not just at the banks.
Friday was a good day on Wall Street. The Dow fell only 127 points. And gold fell $36.
The feds closed a couple banks in Illinois and Michigan. The big banks are not going to close; they're going to be "recapitalized" - and partially taken over by the government. This process is already underway in Britain. Europe's leaders got together and said they'd do the same thing.
"Europe agrees to banking rescue," is to...
10/14/2008 12:27:00 PM
FreeMarketNews.com - World News/Editorials and Analysis
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