Déjà Vu 2008 Part 2: Rising Unrealized Losses in US Banks
Unrealized losses in the US banking system are surging again, as reported by the Federal Deposit Insurance Corporation (FDIC). The latest figures show banks are now burdened with over half a trillion dollars in paper losses, primarily due to exposure to the residential real estate market. The 2008 Crisis needed an 800B tax payer bailout…