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IPFS News Link • Central Banks/Banking

Half of America's banks are potentially insolvent - this is how a credit crunch begins

• Yahoo Finance

The second and third biggest bank failures in US history have followed in quick succession. The US Treasury and Federal Reserve would like us to believe that they are "idiosyncratic". That is a dangerous evasion.

Almost half of America's 4,800 banks are already burning through their capital buffers. They may not have to mark all losses to market under US accounting rules but that does not make them solvent. Somebody will take those losses.


thelibertyadvisor.com/declare