$517,000,000,000 in Unrealized Losses Hit US Banking System, FDIC Says.
From Greg M
Unrealized losses in the US banking system are once again on the rise, according to new numbers from the Federal Deposit Insurance Corporation (FDIC).
In its Quarterly Banking Profile report, the FDIC says banks are now saddled with more than half a trillion dollars in paper losses on their balance sheets.
The FDIC also says that the number of lenders on its Problem Bank List rose last quarter. According to the agency, these banks are on the brink of insolvency due to financial, operational, or managerial weakness or a combination of such issues.
517,000,000,000. That is only a little more than half a trillion. Chickenfeed compared to the 33,000,000,000,000 to the REALIZED debt of the Federal Government.
Three ring circus preforming on a stage of cards built in a pool of gas.