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Gold Telegraph
@GoldTelegraph
BREAKING NEWS
A KEY US REGULATOR HAS PRIVATELY FOUND THAT HALF OF THE MAJOR BANKS IT OVERSEES INADEQUATELY UNDERSTAND A WIDE RANGE OF POTENTIAL OPERATIONAL RISKS
They always get bailed out… why would they?
“The harsh grades are part of sweeping regulatory scrutiny in the wake of the record-setting bank failures last year…”
Source: https://fortune.com/2024/07/21/bank-operational-risk-occ-report/
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2007
2020
2023
Big banks only get bigger.
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Why worry about risks when mistakes get buried and power grows with every failure?
This is the system we live in.
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BREAKING NEWS
BRAZIL PROPOSES COLOMBIA AS POTENTIAL NEW BRICS MEMBER
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The President of the United States has not met with the Chair of the Federal Reserve in two years.
However, since assuming his role in 2018, Jerome Powell has had private conversations with JPMorgan CEO Jamie Dimon at least 19 times.
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I am surprised that more people don’t talk about this.
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