Hide The Rotten Salami: US Banking Edition

"Banks still use accounting tricks to hide their true condition. Bloomberg showcased one such technique last year, exposing the way that many US banks are rebooking their assets from “available for sale (AFS)” to the “held-to-maturity (HTM)” designation. This is a very subtle move that means nothing to most people. But to banks, it’s a highly effective way of concealing losses they’ve suffered in their investment portfolios."