Never before have America’s banks been so wary of risking their cash deposits on U.S. government debt.
After holdings of U.S. debt surged to a record $1.89 trillion in 2012, lenders from Citigroup Inc. to Bank of America Corp. and Wells Fargo & Co. (WFC) are culling for the first time in six years and amassing dollars. Banks’ $1.8 trillion of the bonds now equal less than 70 percent of their cash, the least since the Federal Reserve began compiling the data in 1973. Continue reading “Citigroup to BofA Spurn Treasuries for Cash on Taper Risk”

Bloomberg
Mami’s Shit
RT News
RT News
RT News
Fox News
DNA Disinfo – by Murray Weiss
Washington Times – by Stephen Dinan
NJ.com 
MassPrivateI
MassPrivateI
NBC News – by Alexander Smith