In this FDIC report/counterpoint--billions in pushdown accounting by the acquiring banks to "massage" earnings and massage the FDIC's result (survivorship bias), and China balking at any more losses in bonds:
Foreign bond holders, like the government of China, have reportedly told the Obama Administration that further losses to debt holders of US banks will result in a boycott of US Treasury auctions.
Posts links are even "twittered."
http://us1.institutionalriskanalytics.com/pub/IRAMain.asp
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