Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says
www.businessinsider.com
"This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates," the FDIC said.
  • @mlgEnglish
    2•3 months ago

    US watching China liquidate its housing bubble and reclaim assets instead of giving billions to investors and banks for creating said bubble.