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Banks Need to End $1 Trillion Kick the Can Game

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DEPT. OF FANTASY BANKING
"Banks have known for a while that they would eventually have to face up to some of the assets they had stashed in off-balance-sheet vehicles," writes David Reilly of Bloomberg. "Now that day is looming, and Reilly has had it. "Enough already. It’s time for banks, and their regulators, to stop playing kick the can. Either banks have -- or can get -- the capital they need to support assets on their books, or government watchdogs should take action."

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