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Monday, November 09, 2015

Astonishing report from the Fed says US banks are not "sound"

https://www.sovereignman.com/trends/astonishing-report-from-the-fed-says-us-banks-are-not-sound-18208/?inf_contact_key=e8fb5844879af7636b1ab3d064e1799a05dbb63fbf1eb7086f436986b7fc8845

This is part of an annual report they publish called the Shared National Credit (SNC) Review. And in this year's report, they identified a huge jump in risky loans due to overexposure to weakening oil and gas industries... The total exceeds $3.9 trillion worth of risky loans that US banks made with your money. Given that even the Fed is concerned about this, alarm bells should be ringing.''

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