Former Reagan Economic Advisor Estimates US Govt Mountain of “Unfunded (and Undeclared) Obligations” at More Than $200 Trillion.

Fraudulent Accounting for Dummies or How the Govt lets the Banks Rob You Blind. After the 'Securitization of Sub Prime Mortgage” Fraud crashed the economy in 2008, from February 2009, U.S. Big Banks weren’t required to account for their assets (or liabilities) at “market value” (i.e. what people were willing to pay for them in the real world).



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