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China Real Estate Crisis: CCP Hides Truth To Prevent Bank Runs
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2024-06-14 at 11:23 PM UTC
According to the Federal Deposit Insurance Corporation’s first quarter report, the US banking system is sitting on a collective $517 billion in unrealized losses and has 63 “problem banks.”
Those losses have been sparked primarily by a surge in interest rates over the past two years, which have driven down the price of fixed-income securities held by banks.
Unrealized losses held by banks increased by $39 billion in the first quarter relative to the fourth quarter of 2023.
“Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase,” the FDIC said.
I would love to know what banks are on that list.
Wouldn’t you?
But the FDIC will not tell us.
https://theeconomiccollapseblog.com/the-entire-system-is-crumbling-major-red-flags-are-popping-up-for-banks-small-businesses-and-retailers/ -
2024-06-14 at 11:36 PM UTC*goat laugh*