With banks no longer required to mark their assets to market, no one knows how solvent the system is, but deflation in housing signals trouble that is no longer disclosed on their balance sheets.
Troubled banks rise to highest level in 18 years - CBS News: www.cbsnews.com/stories/2011/02/23/business/main20...stack
http://chum.ly/n/6f9661
Thursday, February 24, 2011
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