Biggest U.S. Banks Aren’t as Strong as They Appear, Group Says

[Peter1469]

Biggest U.S. Banks Aren’t as Strong as They Appear, Group Says

No kidding. We bailed them out in the Great Recession. We didn't demand that they fix their broken systems. They have started giving questionable loans out again.

The largest U.S. banks are less healthy than they appear, boosted by temporary accounting and capital-relief measures as well as massive market support from the Federal Reserve, an advocacy group said.

Although the six biggest banks’ leverage ratios reported at the end of June averaged almost 2 percentage points above the regulatory minimums, the actual average would have been only 0.84 percentage points above without the relief measures, Americans for Financial Reform said in a report Monday.

Regulators have allowed banks to delay the hit to their capital ratios from billions of dollars in loan-loss provisions they’ve put aside this year. Massive increases in their holdings of cash and Treasuries are also temporarily excluded from the calculation of the leverage ratio, which has become the binding constraint for the largest banks during the pandemic.

[MMC]

I wonder if the Demos and their lockdowns are part of that.

[Peter1469]

I wonder if the Demos and their lockdowns are part of that.

I am sure that doesn't help; but they are systematic problems that have not gone away since the Great Recession.

[carolina73]

Maybe Biden can bring Barney Frank and Chris Dodd back. Excuse me, maybe President Harris can bring them back.

[Orion Rules]

"Almost all Americans know something is terribly wrong with our ship of state, but most of us have no idea what is wrong or how it can be fixed. As a result, we sit back and watch helplessly as the American dream crumbles and dies around us…
...
In 1913, Congress made the Federal Reserve Bank the central bank of the United States. This name is the epitome of deception. First of all, because of the passage of Amendment XVII, we no longer had a “federal” government. Amendment XVII transformed our federal government into a national government. Thus, there was nothing federal about the Federal Reserve Bank. Furthermore, it is not an agency or a part of our government. Instead, it is a privately owned banking cartel accountable to no one other than the people who own it. The Fed is not reserve of any kind and has nothing to do with reserves. Finally, it is not even a bank because no one deposits money with the Fed.

The best description which applies to the Fed is that it is a money pump for those who own it and this enables these people to harvest huge amounts of money from working Americans without giving them anything in return. In other words, the Federal Reserve Bank is a racket far worse than a Ponzi scheme or Mafia created con game. However, the tragedy of our situation is that the Fed is racket which Congress made legal by voting it into existence..."

https://wakeup-world.com/2015/08/02/...-of-deception/