Financial observers have been sounding the alarm on the U.S. banking system. But a recent letter from the Federal Reserve to JPMorgan Chase, the largest U.S. bank, should impress on skeptics the gravity of the situation. In an April 12, 2016 letter to JPMorgan Chase‘s CEO and chairman James Dimon, the Federal Reserve expressed its […]
Reblogged on kommonsentsjane.
When is the Federal Reserve going to audit these people? These too big to fail banks have over-extended their selves – their debt is like the government – their liabilities far exceed their assets from what I have read. Sooner than later, they are going to have to show what cards they are holding and I think it is a royal toilet flush.
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