In recent years banks have always squealed for help from Governments and Shareholders when a downturn, either on the stock exchange or on the financial markets, impairs their financial condition or even means they have to book losses.
Is this normal ? When big or small private businesses make losses, they are left all alone to take the measures necessary to ensure that their company survives and again becomes profitable.
Governments give banks billions to avoid a fatal demise. Would it not be normal to oblige all banks to revalue their fixed assets and other similar assets at least, once every few years ?
Hiding behind "the bankers' veil of secrecy" is no longer acceptable when they seek and require government help and money. Even if accounting regulations in any country where they have operations forbid the revaluations of assets, such information should nonetheless become obligatory and be supplied in the notes to the accounts of the mother company.
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