Relevant:
- $5 Trillion Hidden Off Bank Balance Sheets
- 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.
- Why Was There No Canadian Housing Bust? The US Fed Says That They Were Probably Just Lucky Except...
- Wells' dubious off-balance sheet treatment of conforming loans avoids capital raises
- $150bn of Assets May Return to BofA’s Balance Sheet in 2010
2009-09-17 — reuters.com
" The new rules - FAS 166 and 167 - are desperately needed to prevent banks from hiding assets to increase leverage. Lending that isn’t supported by capital is a main ingredient behind unsustainable credit bubbles, and banks’ off-balance sheet games played a big role in the most recent one."
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