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11/23/2024 - Russia’s hypersonic missile attack on Dnipro two days ago was originally reported to be from... Read More
11/22/2024 - Yesterday the new Prophetic Year began. It began later than usual. Normally, it begins within the... Read More
11/21/2024 - David was a man of war; Solomon was a man of peace. David was allowed to make preparations for the... Read More
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Here's a good example of how newspapers report the illegal activities of foreign banks but do not report what is happening in their own country. Fitch Ratings, as reported by Bloomberg News, tells on the Chinese banks, but neglects to say where they learned to do such stuff. Furthermore, there are a lot of Western banks there, too, as the article goes on to say, and you can bet on it that they all have two sets of books in their accounting procedures.
Dec. 18 (Bloomberg) -- Chinese banks’ capital strength is probably more “strained” than it appears as lenders use more off-balance sheet transactions to make room for loan growth, Fitch Ratings said.
The increasing amount of unreported transactions, including repackaging loans into wealth management products to sell to investors, and the outright sale of loans to other financial institutions, represent a “growing pool of hidden credit risk,” Fitch said in an annual review of Chinese banks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aQjSjJaOhWJM&pos=5
It's this "hidden credit risk" that poses the biggest problem for the banks in America that are too greedy to fail. The only part of the banking crisis that has been solved is the official accounting on the open set of financial records. I'm more concerned about their other unofficial bookkeeping.
Dr. Stephen Jones has been writing blog posts since 2005 on a variety of topics from Bible Studies to World News, and he has been writing books since 1992. Dr. Jones' most important writings came after God brought him back into the full-time ministry in 1991. It is here that all his earlier years of searching the Scriptures began to come into clear focus. He combines a knowledge of the Old and New Testaments with a personal revelation of God that began and developed during the "wilderness" period of his life, which he often refers to as God's True Bible College... Read More
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