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Extremely scary math - U.S. banks are faced with losses of up to $1.375 trillion - close to their total capital

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 244 days ago (truthout.org). Views: 497
Tags: housing bubble credit bubble credit crisis federal reserve

Related Tags: economics stock market banks gold wall street inflation peter schiff

Mortgage-backed securities in circulation total $11,000 billion. US real estate is overvalued by 20 to 30 percent. If a quarter of the wealth of US households vaporizes, that represents $2,750 billion worth of debt that will probably not be repaid and [More...]

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1 year 243 days ago:
trent propped the link Extremely scary math - U.S. banks are faced with losses of up to $1.375 trillion - close to their total capital. [view link]

1 year 244 days ago:
ian propped the link Extremely scary math - U.S. banks are faced with losses of up to $1.375 trillion - close to their total capital. [view link]