US Banks Report $251 billion of “Unrealized Losses” on Securities Investments in 2018, the Most Since 2008: FDIC

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And other juicy banking nuggets. Net income in Q4 2018 among all 5,406 FDIC-insured banks and thrifts more than doubled year-over-year to $59 billion, due to “higher net operating revenue” and “lower income tax expenses”; and …

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WHAT COULD GO WRONG? “Report for America, an initiative of the GroundTruthProject, Google, and others, plans to place 1,000 journalists in local newsrooms over the next five years,”

DNC-MSM house organ Columbia Journalism Reviewreports: Writing in CJR, the project’s co-founders argue that America needs “a dramatically new approach at the local level—grounded less in the traditional commercial model and more on a reawakened spirit of public service among reporters.” …

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