Not Ranked
More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5% of their assets, a level that can wipe out a bank's equity and threaten its survival. Their deposits total $193 Billion.
Laws are not being followed by regulators, allowing banks to function when they should be closed.
We appear to have avoided a depression, but we have in fact done no such thing. We have instead played 'extend and pretend.'
We are no way near the end of this crisis.
|