‚Off-balance sheet accounting has been a common practice in the banking industry for years and as Wall Street on Parade notes, it played a major role in the 2008 financial crisis.‘
https://dailyhodl.com/2024/05/03/jpmorgan-chase-bank-of-america-and-citibank-holding-7427000000000-off-balance-sheet-in-potentially-dangerous-cocktail-of-unknown-assets-report/
Look at the commercial real estate market, all that shit is underwater. Bulge bracket banks hold all that.
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