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   Andrew Lokenauth (fluentinfinance@mastodon.social)'s status on Tuesday, 29-Oct-2024 05:34:54 JST Andrew Lokenauth

   JUST IN: US banks have $750 billion in losses on real estate debt, per PiQ.

   That's 7 times larger than in 2008 when the housing bubble popped.

   US banks also have another $515 billion in unrealized losses on investment securities, per the FDIC.

   That's also 7x higher than during the 2008 financial crisis.