Any idea why Bank of America is not on the list? I had thought they were suspect; they are also apparently on the WikiLeaks agenda.
Too big to fail.
;)
Mark to market accounting plus they are obama,acorn,sharia financiers,no christmas trees allowed backers to boot!
Are The Banks Insolvent? Fair Question, Given This....
http://market-ticker.org/akcs-www?post=173721http://market-ticker.org/akcs-www?post=173721
I believe that the TARP banks are allowed to use Enron accounting practices. This allows those banks to look healthy when they are not.
For example, our bank had been First Federal. We got taken over by OneWest. OneWest had been IndyMac. First Federal had been under cease and desist orders and had huge commercial real estate loans that were sinking them. Soon after our bank was folded over into OneWest, I checked that banks “rating”.
Guess what, crystal clear, no problems, not even one loan in default.
Lesson? Do not trust ANY rating of a bank that took TARP money. Manufactured lies.