Yes, bad money. 
If it was a company, it would be bankrupt. 

I'm sure most of them are small, but you can see in the first chart that we're talking about unprecedentedly large unrealized losses.

Undisciplined

63 banks?
How many of them are big ones?
"we may see the Fed bail out underwater securities portfolios through direct asset purchases, or a reversion to indefinite rounds quantitative easing."
Isnt this what is happening to the Yen?

econ

Commercial Bank Chickens Come Home to Roost

63 banks?
How many of them are big ones?
"we may see the Fed bail out underwater securities portfolios through direct asset purchases, or a reversion to indefinite rounds quantitative easing."
Isnt this what is happening to the Yen?
