“The biggest falsehood of yesterday’s hearing, however, was the continued insistence by all that “our banking system is strong and resilient”. Coincidentally they presented zero evidence to support that assertion. In fact, most evidence would support the opposite conclusion– that there are still a number of major problems in the banking system.”
USAGOLD note: Many of our readers are probably thinking along the same lines. How did a problem that could bring down the banking system suddenly evolve to no problem at all? We do not believe the public is buying it.