A few months later, in September 2006, just ten months before the sub-prime mortgage crisis became apparent to all, the Global Financial Stability Report (GFSR), one of the IMF’s flagship publications, stated that “[m]ajor financial institutions in mature...markets [were]...healthy, having remained profitable and well capitalized.” Moreover, “the financial sectors in many countries” were supposedly “in a strong position to cope with any cyclical challenges and further market corrections to come.”