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Subject Big 4 accounting weenie here. Banking tip of iceberg!

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Original Message I was at KPMG in '08. Went to Indiana for 2 years to help fix all the '08 problems. And now here I am in Seattle with a different firm and this time it is worse.

There are 7 US banks, 3 EU bans, 1 Indonesia. A 2B2F entities that are in serious trouble. All this lending to the tech starups. All the commercial real estate. And the huge amount of consumer debt being carried is a perfect storm.

We broke glass Friday. Monday will be the first time the civilians here the fire alarm.

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