Charles Schwab / Other Big Banks May Be Secretly Insolvent

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Charles Schwab and Other Big Banks May Be Secretly Insolvent

It is difficult to say with certainty whether they are indeed secretly close to insolvency as they may have some form of insurance that could absorb some of the impact from a loss of value in their assets, but if this were the case it is not clear why they would need to employ this questionable accounting technique so heavily. The risk of insolvency is currently the highest it’s been in over a decade.

https://mises.org/wire/charles-schwab-and-other-big-banks-may-be-secretly-insolvent