(Below Book Value)
Big-bank stocks rebounded about 2% today because they are perceived to be selling below book value.
No no no!
These banks are BUSTED!!!! by their own derivative devices.
Donald Trump fits right in with this big-bank crowd, having the pretense of doing good–going busted, and pretending wealth–by doing a whole lot of harm.
The risk is known but hidden.
TBTF banks have trillions upon trillions of toxic waste (assets) that have been removed from their books, being held in reserve by the Fed.
So, without the pretense (the fraud!), what are they really worth?
(Book em, Danno!)