U.S. banks hold trillions of dollars off-balance sheet, in a replay of accounting hubris that led to the 2008 Wall Street collapse (wallstreetonparade.com)
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At recent Congressional hearings on federal bank regulators’ newly proposed rules to force the largest banks in the U.S. to hold more capital against their riskiest trading positions (so that taxpayers aren’t on the hook for more bailouts), the banks and their sycophants holding Senate and House seats made it sound like...