Unrealized Losses At US Banks Exploded In Q3
POSTED BY: SIGNYM
UPDATED: Friday, December 1, 2023 06:26
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Unrealized losses on securities held by US banks exploded by 22% in the third quarter.
Of course, unrealized losses don’t really matter — until they do.
This is yet more evidence that the financial crisis that kicked off last March continues to bubble under the surface.
Unrealized losses, primarily on US Treasuries and mortgage-backed securities rose by $126 billion in Q3 and now total $684 billion, according to the FDIC’s quarterly bank data release.
MORE AT https://schiffgold.com/key-gold-news/unrealized-losses-at-us-banks-exp
loded-in-q3/
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those data are wacist
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Losses due to Treasuries and mortgage backed securities.
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"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Loving America is like loving an addicted spouse - SIGNYM
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