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Comments
This is from the 12/31/2022 BofA 10K, page 111.
https://investor.bankofamerica.com/regulatory-and-other-filings/annual-reports##document-50524-0000070858-23-000092-2
It is public information and accurate.
Recall that we read that currently $650Billion in unrealized losses are sitting on Major Bank's books. $113Billion of that $650Billion is BofA's share.
These are paper losses that are not required to be included in "net income" until they are either sold or matured. All but $4Billion of this $113 Billion is being held to Maturity by BofA. So the losses will be recognized (included in net income) as each series matures, over a period of 10 years so. So the losses will be spread out over many years.
Unrealized Gains and Losses (Examples, Accounting) - WallStreetMojo
The Unrealized gains on such securities are not recognized in net income until they are sold and profit is realized. They are reported under shareholders equity as "accumulated other comprehensive income" on the balance sheet. The cash flow statement is also not affected by such securities.
https://www.wallstreetmojo.com/unrealized-gains-losses/#h-unrealized-gains-losses-on-income-statement-balance-sheet
This says that these UNrealized Losses have NOT been included in "Net Income", and won't be until sold or matured.
By borrowing from the FED none of the Banks need to be forced to sell these depreciating assets, in order to raise cash. They are allowed to borrow against the full face value of these assets, ....so that....they are not forced to sell them at a loss....like SVB did, which started all their problems (rumors, bank runs, etc). They can borrow until these assets mature.
Of course, if the interest rates come down, the losses will be reduced.
So we shall see if the FED wants more pain and trouble, and raises the interest rates next week, .....or lowers them. We shall see.
Thank the woke executives for this dilemma.
This is what happens when too many of those delusional transsexuals, who are experiencing sexual dysphoria take the reins of corporate America.
They fuck up everything they touch.
I've been calling them this ever since they dropped under $10 a share on the stock market.
They were nearly delisted until Warren Buffet threw millions at them.
I've known how evil they were since I worked for them in the 90's. My first office job. They were originally the Bank of Italy. Became a major player after the San Francisco earthquake.
The first Bail In?
It was a technical glitch regarding Direct Deposit data transmissions that did not get processed properly.
Companies send in their payroll data to companies like ADP, and then ADP sends massive date transmissions to the various banks so the payroll funds get posted to the proper accounts.
For some reason, a few data transmissions of direct deposit info did not get processed properly by the bank.
It has been fixed now.
Remember...inflation means they can pay back old debts using new cheaper money. The benefits they pay out also don't increase as much as inflation either. So this has always acted as a backdoor tax increase that no one has to admit to or pass in Congress. (IE...if you are depending on social security to feed you are going to eating gruel everyday before long)
With the boomers aging and retiring we were always going to do this...In 5-10 years to live a $100,000 lifestyle will easily cost $200,000.
Same old BIG LIES.......just 15 years apart:
Fool me once, shame on you.
Fool me twice, shame on me.
https://www.theburningplatform.com/2023/03/15/is-the-u-s-banking-system-safe-15-years-later/
However, I am having difficulty believing claims this time is different than 2008. Back in 2008 the MBS failure was attributed to really bad mortgage loan policies, eg. NINJA loans. Back then, the mortgages held were trash. But how does it make any difference if the mortgages now are at risk of default for different reasons? Won't the end result be the same?
GOOD FUKING RIDDANCE BOA
I ditched these money counterfeiting, Fractional reserve bastards, just in time.
We need to put bankers in prison like Iceland did.
“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
~Thomas Jefferson
-- Former USA president Thomas Jefferson, in the debate over the Re-charter of the Bank Bill (1809)
https://www.zerohedge.com/markets/get-woke-go-broke-its-time-talk-about-svbs-ties-world-economic-forum
https://www.zerohedge.com/markets/liquidity-phase-bank-crisis-over-solvency-phase-getting-worse
But Putin was 'bad man' to borrow against USDebt to buy gold awhile back, yehrit
The kids have it right with cryptos and untouchable fixed max items issued ; All the major FUD seasons were started by big-fiat-hedge-funds (like blackrock etc) ; Especially the ones (kids and losers, yehrit) holding PAXG - let the street collapse.
https://www.youtube.com/watch?v=mkA2_nijiyE
1. The national power of non-Jewish states is to be broken down by the fomenting of internal revolutions through appeals to class hatred, and by pretended efforts to obtain greater freedom and privileges for certain classes of the people, using the words “ liberty, equality, and fraternity ” merely as catch words to gain recruits for the Jewish cause. Autocratic governments, which alone are strong, must be weakened in the first instance by the introduction of liberalism, which will pave the way to anarchy.
2. All wars must be “ shifted to an economic basis,” allowing no territorial advantages to result from war, and thus tending to make the Jewish control of wealth the determining factor in war
3. The Jewish international rights are to be strengthened at the expense of the national rights of the several Gentile nations
4. The non-Jewish states are to be further weakened by promoting false and conflicting political policies; by obtaining secret control over the actions of public officials; by manipulation of the press, and by the gradual elimination of free speech
5. The authority of governments where liberalism prevails is to be weakened by the destruction of religion (other than the Jewish religion), since it is the conservative and moral force which makes liberal governments possible.
6. In order to overcome the resistance of those states which are unwilling to make submission to the new Jewish power, there must be no hesitation in resorting to violence, cunning, hypocrisy, bribery, fraud, and treason, or to the seizure of the property of others
7. The destruction of the social and economic structure of Christian states will also be brought about by the destruction of industrial prosperity, through speculation and constant strikes, “ throwing masses of workmen out of employment,” artificially raising wages, thus increasing the cost of the necessaries of life, and finally by bringing about a general economic crisis and the disorganization of financial systems. The financial strength of the various non-Jewish states will also be undermined by causing them to overburden themselves with foreign and national loans on an ever increasing scale, which will ultimately lead to bankruptcy
8. Upon the social and political chaos created by these various means a Jewish dictatorship is to be gradually built up, principally through the “terrible” Jewish power of the purse and through the other great Jewish powers of control over the press and over the revolutionary labor movement.
9. During the period of transition from Gentile to Jewish political control in every state there will be a secret government by the Jews, brought about through the manipulation of the press, misleading public opinion, mass terror, weakening the initiative of the Gentiles, misdirecting their education, and sowing discord among them.
https://archive.org/details/protocolsworldre01prot/mode/2up
The "Great Reset / New World Order" for your consideration.
was and still is ground zero for communist, marxist, socialists the likes of Leon Trostky et al.
This despicable creature William Z. Foster, lays it out in great detail.
"Toward soviet America"
https://archive.org/details/towardsovietamer00fostrich/mode/2up
emphasis Chapter 5---it's enough to make the faint at heart weep.
The game plan is the same but the names and faces, terminology, labels, etc... have changed over the decades.
The New World Order, by Conquest or Consent?
Part 1
By Deanna Spingola
5 May 2006
On February 17, 1950, James Paul Warburg confidently declared to the United States Senate: “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”
for your consideration
https://www.spingola.com/new_world_order1.htm
The common denominator was both Romanov and pre ww2 Us both had large amounts of Central bank killer Eg Gold
We can all look at Chase's and Citibank's as well as all other publicly traded institutions.
So is this really covert intel??????
Don't worry all of the retired keyboard warriors out there will give this a thumbs down as they are to lazy to look this information up for themselves and still think they will continue to receive their social security and pension payments.
Bank Funding Term Facility or Buy the freaking poison.
reported at market close... it is now getting
clubbed like a baby seal in the aftermarket...
https://finance.yahoo.com/quote/FRC?p=FRC&.tsrc=fin-srch
this is what happened to SVB when their problems
initially went public...
This money movement out of banks and into stocks is what is causing the market to go up.
There won't be a total collapse until TPTB are ready for that to happen.
But I find it interesting, that just yesterday the Bank Regulators were scrambling to find out how adversely US banks would be hit, if Credit Suisse went under. (worries)
Then late last night, it was announced that the Swiss Central Bank was willing to bail out Credit Suisse to the tune of $50 Billion.
So that tells me, the elite do NOT want the Big Banks hurt. They don't care about the smaller banks, in fact they prefer that the smaller banks fold, and assets handed over to the Big Banks.
But I found this move interesting, because it means that their GAME PLAN for the Great Reset, apparently, will not include a collapse of the Big Banks.
Otherwise, if they were anxious for a BIG CRASH right NOW to usher in the New World Order Global Digital Banking system, they would have let Credit Suisse fall. ....and let the domino affect cause the Big Banks to fall as well.
It maybe just a timing issue: the timing is not quite ready yet for the stock market to crash and a Great Depression hit.
They have plugged the dyke so to speak for the Big Banks. Question is, will the dyke spring more leaks???
Food for thought, anyway.
setup is that BoA can take ANY of those
securities (Available for Sale or Held to Maturity)
and go to the BTFP and borrow FULL FACE
VALUE using them as collateral - thus not having to take a single penny of loss on them -
obviously if interest rates stay high the losses
will continue to exist and will be hidden - if they
pay off properly at maturity there will be no
losses to report... this at least kicks the can down
the road at the cost of creating another shitload
of Gov debt....
https://www.zerohedge.com/markets/if-it-looks-bailout-and-walks-bailout-its-probably-bailout
Total To be Held to Maturity Debt Securities: $108.596 Billion
Total Unrealized Losses $113.539 Billion
So what this says is they have $113 Billion in paper losses, that have not been recognized yet, (because there has been no sale), but only realized. The footnote 3 says that this figure includes securities pledged as collateral of $104.5 Billion.
The bank is currently looking to sell $4.787 Billion.
The rest they intend to hold until they mature.
~
Here is the 2022 Annual Report for BofA:
https://investor.bankofamerica.com/regulatory-and-other-filings/annual-reports##document-50802-0000070858-23-000121-2
$3 Trillion balance sheet
1.9 Trillion in Deposits
180 Billion in Equity
$27 Billion in after tax income
BofA is the 8th most profitable company in the USA.
https://en.wikipedia.org/wiki/List_of_largest_companies_in_the_United_States_by_revenue#List_of_companies_by_profit
This also tells me, if they have a choice, they hire and promote people based upon the color of their skin, their sex and their sexual perversions (colored women who are homos), rather than hire and promote the Best and the Brightest, regardless of sex, skin color and sexual preferences. And examining the photos of top mgmt they discriminate Against older employees.
Meanwhile the stock market is acting like all is good. I’d say it’s those cashing in by buying low and selling in a day (or less). What do I know...
I will STAND FAST!
I WILL STAY THE FIGHT!
...I want to see all this f**k Banks go down the tube, maybe arrogance will diminished
along with the BANKSTERS.
...but where's all the money goes
If BoA looks like this, you can bet the other too big to fail banks look similar.
I pray you are using the time and resources you have right now to continue/start preparing. Hal has been screaming at the top of his lungs for a long time.
If you choose to sit on your hind ends and figure "they" will handle it, you are sadly mistaken.
Prayers for all.
Quote:BeSureYouAreSaved.com
Don't tell me... let me guess....
It was all Trump's fault
Yeap!
My lad is deep into NY.
I believe in the Lords choice of the Donald because of the Bible.
There is a History of who God Calls,
1 Kings 19:16 And Jehu the son of Nimshi shalt thou anoint to be king over Israel: and Elisha the son of Shaphat of Abelmeholah shalt thou anoint to be prophet in thy room.
2 Kings 9:24 And Jehu drew a bow with his full strength, and smote Jehoram between his arms, and the arrow went out at his heart, and he sunk down in his chariot.
2 Kings 9:30 And when Jehu was come to Jezreel, Jezebel heard of it; and she painted her face, and tired her head, and looked out at a window.
And he lifted up his face to the window, and said, Who is on my side? who? And there looked out to him two or three eunuchs.And what happened NEXT!
I am out of tinging, read it in total your selves, that is all
For 2 or 3 % of a sinful amount of a nation, and a greater evilthose few that now govern, are RAPING AND MUTILATING YOUR HERITAGE!
LOL, I SURE WOULD NOT WANT TO BE ONE OF THEM 300!
The VERY SAME THAT DID THAT J6 EVIL.
AGAINST YOUR MOM AND DAD!
I don't lie.
As Hal has said, it looks like all the rate raising in the FED has put older Treasury securities under water. Ugh.
Thats all it took 1%, you know them Wokers.
The WOKE ONES!
In Jesus Name,
Amen
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