Relevant:
- Commercial real estate bailout implicates Federal Reserve as Fed balance sheet balloons to $2.7 trillion. CRE values down $3 trillion from their 2008 peak
- Federal Reserve continues shadow bailout of banking industry -- $947 billion of overpaid and low demand mortgage backed securities sit on the massive $2.8 trillion Fed balance sheet
- High-Risk ‘Shadow' Credit in China Put at $2.9 Trillion by IMF
- Fitch: China's Massive Credit Bubble Fueled By Shadow Banking And Securitization Could Collapse Banks
- Shadow Banking System Rises To Record $67 Trillion Globally, Financial Stability Board Reports
2010-11-28 — mybudget360.com
``At one point, CRE values reached over $6 trillion in the US with $3 trillion in loans. Today, CRE values are down to roughly $3.3 trillion yet the loan amount still hovers at $3 trillion... The banking sector is doing a complicated shadow bailout through quantitative easing, ignoring missed payments, rolling over CRE loans, and ultimately trying to sucker taxpayers into paying the entire bill. Ultimately this shadow bailout has been going on for years and no one seems to even care.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.