by Pam Martens and Russ Martens, Wall St On Parade:
On June 11, 2015, the Office of Financial Research (OFR) released a sobering report on how banks were reducing their requirements to hold adequate capital against potential losses by engaging in non-transparent “capital relief trades” with potentially questionable counterparties. The OFR researchers summarized the problem as follows:
“Capital relief transactions may have benefits to banks. But, even if real risk transfer is involved, these transactions can pose financial stability concerns by increasing interconnectedness, transforming credit risk into counterparty risk, and obscuring capital adequacy to investors and counterparties. And while bank supervisors have extensive data about banks, they may have less information about the nonbanks who are selling credit risk to those banks and ultimately bearing the risk of loss.”
In a recent interview, war correspondent Lara Logan explains why global elites push unfettered mass migration, and how they have managed to be so successful at doing so.
CDC officials are investigating a potential link between two recently approved RSV vaccines and increased reports of Guillain-Barré syndrome in adults over 60.
Blinken has established himself as a world-class hypocrite. The $8 billion Biden administration package of military aid to Taiwan is a perfect example of such hypocrisy, as it flies in the face of international law, which recognizes only one China. What would Blinken say if China offered billions to Americans to buy arms to secede from the U.S.?