1) Of the top nineteen (19) banks in the nation, sixteen (16)
are already technically insolvent.

2) Of the 16 banks that are already technically insolvent, not
even one can withstand any disruption of cash flow at all
or any further deterioration in non-paying loans.

3) If any two of the 16 insolvent banks go under, they will
totally wipe out all remaining FDIC insurance funding.

4) Of the top 19 banks in the nation, the top five (5) largest
banks are under capitalized so dangerously, there is serious
doubt about their ability to continue as ongoing businesses.

5) Five large U.S. banks have credit exposure related to their
derivatives’ trading that exceeds their capital, with four
in particular – JPMorgan Chase, Goldman Sachs, HSBC
Bank America and Citibank – taking especially large risks.

6) Bank of America’s total credit exposure to derivatives was
179 percent of its risk-based capital; Citibank’s was 278
percent; JPMorgan Chase’s, 382 percent; and HSBC America’s,
550 percent. It gets even worse: Goldman Sachs began
reporting as a commercial bank,revealing an alarming total
credit exposure of 1,056 percent, or more than ten times
its capital!

7) Not only are there serious questions about whether or not
JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo, Sun
Trust Bank, HSBC Bank USA, can continue in business, more
than 1,800 regional and smaller institutions are at risk
of failure despite government bailouts!

The debt crisis is much greater than the government has reported.

The FDIC’s “Problem List” of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter

Put bluntly; the entire US Banking System is in complete and total collapse.”