http://www.physorg.com/ en-us Physorg.com internet news portal provides the latest news on science including: Physics, Nanotechnology, Life Sciences, Space Science, Earth Science, Environment, Health and Medicine. NJIT finance professor Michael Ehrlich predicts that the strong profits reported by banks in the first quarter will soon be followed by more losses. Ehrlich, a market failure expert, notes that the unexpectedly strong profits reported in the first quarter by many large banks were the result of significant accounting manipulation. For some of the banks, these earnings were a crucial addition to their net equity positions at a time when government "stress tests" were evaluating their future viability. With more losses, serious pressure could mount on the Federal Deposit Insurance Corporation, which, of course, insures bank deposits. http://www.physorg.com/news162664357.html Other Sciences Wed, 27 May 2009 17:33:20 EST news162664357 Government insurance programs that safeguard bank deposits should be reformed to ease taxpayers' undue stake in propping up the nation's banking system, according to research by a University of Illinois finance professor. http://www.physorg.com/news150389244.html Other Sciences Mon, 05 Jan 2009 14:47:24 EST news150389244