Relevant:
- Toxic Assets Were Hidden Assets
- How To Protect Yourself From Collapse of the Faith-Based Financial System
- Subprime Market Update
- Fed May Expand Funding in a `Mother of Year-Ends'
- The dynamic central banking duo -- ECB balance sheet up over €3.1 trillion mimicking Fed balance that is close to $3 trillion. Shuffling toxic assets into darkness.
2008-12-11 — ft.com
"The biggest US financial institutions reported a sharp increase to $610bn in so-called hard-to-value assets during the third quarter, raising concerns about the hidden dangers on balance sheets."
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