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Citibank, used by 200 million Americans, was hit by a nationwide outage. The bank’s website showed an error message: ‘We’ve encountered an issue and are working to fix the issue.’ No other details have been provided except for customers to …
JP Morgan, Goldman, Citibank, Bank of America These four have $183.37 Trillion in derivatives, 88.12% of total outstanding (all banks). These are backed by a mere $8.28 Trillion in assets, 4.52% of their derivative positions. Did I mention they are …
Banks issuing bonds again to raise funds to pay bills today? Writing IOUs intended to fail? At this rate, it looks like every bank will be put at risk to ensure massive systemic risk to maximize the public bailout. Hello …