Nothing to see here - only 63 banks insolvent

[Chris Seveney]

As someone who reports to sec for our loan portfolio - blows my mind how loans held for sale must be reconciled and valued frequently where as held for investment never have to be adjusted. So banks can just say they hold for investment - which equates now to $517B in unrealized losses because of this accounting trick

The moment banks have to move these to their liabilities on the books that will suck a lot of liquidity out of the market due to fractional lending….

https://dailyhodl-com.cdn.ampproject.org/v/s/dailyhodl.com/2024/06/02/517000000000-in-unrealized-losses-hit-us-banking-system-as-fdic-warns-63-lenders-on-brink-of-insolvency/amp/?amp_js_v=0.1&_gsa=1&fbclid=IwZXh0bgNhZW0CMTEAAR1PBapfxQa5QFby01zkGCxZ2gp4U-XrLY8E3erwCj0VZ0q4j8UIUshaGiw_aem_ATG5-tzSYJmeNRgRyQcbujLgLDth8b5CiTZd9wyFcX3Y-QRzI7GuiffVVCCCdTmuNx0SQKb1m7HcKtaIQseHHgjP#webview=1&cap=swipe

[Chris Seveney]

Quote from @JD Martin:

Quote from @Chris Seveney:

As someone who reports to sec for our loan portfolio - blows my mind how loans held for sale must be reconciled and valued frequently where as held for investment never have to be adjusted. So banks can just say they hold for investment - which equates now to $517B in unrealized losses because of this accounting trick

The moment banks have to move these to their liabilities on the books that will suck a lot of liquidity out of the market due to fractional lending….

https://dailyhodl-com.cdn.ampproject.org/v/s/dailyhodl.com/2024/06/02/517000000000-in-unrealized-losses-hit-us-banking-system-as-fdic-warns-63-lenders-on-brink-of-insolvency/amp/?amp_js_v=0.1&_gsa=1&fbclid=IwZXh0bgNhZW0CMTEAAR1PBapfxQa5QFby01zkGCxZ2gp4U-XrLY8E3erwCj0VZ0q4j8UIUshaGiw_aem_ATG5-tzSYJmeNRgRyQcbujLgLDth8b5CiTZd9wyFcX3Y-QRzI7GuiffVVCCCdTmuNx0SQKb1m7HcKtaIQseHHgjP#webview=1&cap=swipe

 I wish I knew what banks were on the list.

 My guess is on FFIEEC call reports you can dig into that information, I am sure someone will publish it