
A somewhat alarming statistic from Martin Wolf in the FT.
According to the Federal Reserve, US commercial banks are holding equity of $2.14 trillion. This is to back loans (the banks would call them assets) of $22.8 trillion.

A somewhat alarming statistic from Martin Wolf in the FT.
According to the Federal Reserve, US commercial banks are holding equity of $2.14 trillion. This is to back loans (the banks would call them assets) of $22.8 trillion.