BIDENOMICS: $517 Billion in Unrealized Losses Cripple US Banking System, 63 Lenders Teeter on the Brink of Insolvency, FDIC Reports
Bidenomics. Unrealized gains and losses on securities at commercial banks, credit wolfstreet.com
A ticking time bomb.
In another stark example of the economic mismanagement under the Biden regime, a new report from the Federal Deposit Insurance Corporation (FDIC) reveals a staggering $517 billion in unrealized losses within the US banking system, The Daily Hodl first reported.
This alarming figure, largely due to exposure to the residential real estate market, is a clear indication of the damaging effects of Biden’s failed policies.
The FDIC’s Quarterly Banking Profile report paints a grim picture of the current state of our nation’s financial institutions. Banks are now burdened with more than half a trillion dollars in paper losses on their balance sheets.
