https://www.youtube.com/watch?v=uLI1ljQOOIE


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368 - 1 hour ago
Credit Suisse has A FRAUD PROBLEM a while back. 

Its response was to reasssure everyone that it took the "necessary" remedial action. 

Now, we're saying re: SVB that it's A LIQUIDITY PROBLEM, but is it? 

It PROBABLY is A FRAUD PROBLEM because the U.S. BANKING SYSTEM is SO bloody FLIMSY. 

Three (3) days ago, Warren Buffett gave us insight into RAMPANT FRAUD at WELLS FARGO, 
one of the TOP U.S. BANKS.
https://www.youtube.com/watch?v=KzFxAY30oWQ

ALL THIS SEEMS to be A FRAUD PROBLEM "being masked" as A LIQUIDITY PROBLEM: 
you "choke" on the first; 
you "swallow with difficulty" on the second. (Ha! Ha!)

THE FINANCIAL MARKETS don't have "the stomach" to hear about FRAUD IN THE U.S. BANKING SYSTEM: 
talk to the hand. (Ha! Ha!)

AS WITH MOST THINGS IN THE USA, "truth" takes a back seat. :D

THE BOTTOM LINE IS THIS: things are "much worse" in the USA than anyone could possibly imagine to the point
that the President is NO LONGER answering any questions after addressing the media: HE RUNS AWAY. :D
Ken, Toronto, CANADA