[lbo-talk] Oh, About Those Zombie US Banks...

[dredmond at efn.org]

...they're still un-alive, kicking, and feeding on half a dozen
Treasury-Fed subsidy programs and the open spigot of 0% interest rates
(hat tip to Zero Hedge for pointing out the report):

http://cop.senate.gov/documents/cop-081109-report.pdf

The Fed has underwritten, backstopped and otherwise guaranteed trillions
of loans, but there is still at least $600 billion in bad debt officially
on the books. Then there are massive incoming losses from commercial real
estate. Oh, and all those insane credit derivatives? Still impossible to
price, still impossible to trade, and still lurking in the nether gulfs of
the books.

-- DRR