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Close Call For US Banks
Quit Supporting The Crooks
Everytime you put money in the bank you enable them to keep hiding their bankrupt condition and thereby making the eventual day of reckoning that much worse.  Even the mainstream Wall Street Journal dared point out the obvious.

Wall Street Journal - “Major banks have masked their risk levels in the past five quarters by temporarily lowering their debt just before reporting it to the public, according to data from the Federal Reserve Bank of New York. At the end of each of the past five quarters (in billions $), large banks reduced their net short-term borrowings in the repo market, lowering risk profiles they release to the public, before boosting their borrowings in the middle of each successive quarter. The highlighted bars indicate the end of each quarter.


A group of 18 banks—which includes Goldman Sachs Group Inc., Morgan Stanley, J.P. Morgan Chase & Co., Bank of America Corp. and Citigroup Inc.—understated the debt levels used to fund securities trades by lowering them an average of 42% at the end of each of the past five quarterly periods, the data show. The banks, which publicly release debt data each quarter, then boosted the debt levels in the middle of successive quarters.”