Nomura Analyst: Banks are Bankrupt if forced to mark-to-market commercial real estate
'Nomura economist Richard Kooexplains says that the government continues to perpetuate, endorse and legalize accounting fraud. Were the FASB to show the real sad state of affairs, the two core industries in the US - finance and real estate, would be bankrupt.
Tags: Bank Failure, Financial Frauds, Ponzi Schemes, Rigged Markets
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