No conpiracy theories...just MAINSTREAM NEWS-BANK COLLAPSE ON THE WAY

[ninavain]

MR. SHIT...MEET MR. FAN... LET'S HIT IT

Don't shoot the messenger ...just posting
http://in.reuters.com/article/2012/0...8J6D7920120810

Aug 10 (Reuters) - U.S. regulators directed five of the country's biggest banks, including Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N), to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis.

According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks - which also include Citigroup Inc, (C.N), Morgan Stanley (MS.N) and JPMorgan Chase & Co (JPM.N) - to come up with these "recovery plans" in May 2010.

They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out, and reducing risk. The plans must be feasible to execute within three to six months, and banks were to "make no assumption of extraordinary support from the public sector," according to the documents.

Spokespeople for the five banks declined to comment. The Federal Reserve also declined to comment.

[Rochard]

This is not an article about banks that are going to collapse, but rather an article about how US regulators to have a contingency plan in the event it does happen.

I would think any business has that.

[B.Barnato]

Did you read the article or just the headline?

[ninavain]

I read it.. and see through it.. Your tax dollars just BAILED the fuck out of these banks just 4 years ago...why would it need a PLAN to prevent another collapse...guess you're right.. good preventive measures.. lol

[kane]

Originally Posted by ninavain

I read it.. and see through it.. Your tax dollars just BAILED the fuck out of these banks just 4 years ago...why would it need a PLAN to prevent another collapse...guess you're right.. good preventive measures.. lol

So there actually is a conspiracy theory here after all.

[B.Barnato]

Best of luck in your future endeavors.

[2012]

NO FUCKIN WAY !!!!

[epitome]

Originally Posted by ninavain

I read it.. and see through it.. Your tax dollars just BAILED the fuck out of these banks just 4 years ago...why would it need a PLAN to prevent another collapse...guess you're right.. good preventive measures.. lol

Ugh common sense says so it doesn't happen again. Common sense seems to be lacking around here though.

[epitome]

Originally Posted by kane

So there actually is a conspiracy theory here after all.

It only took him until the second post in the thread. Impressed.

[DTK]

Thanks for the hyperbole.

This is the problem with you sometimes. You see an article about contingency plans and immediately leap to MASSIVE BANK COLLAPSE COMING and post that.

It's just as bad as johnny clips' recent 'The Real TRUTH about Obama' that was nothing but innuendo.

[xXXtesy10]

Originally Posted by ninavain

MR. SHIT...MEET MR. FAN... LET'S HIT IT

Don't shoot the messenger ...just posting
http://in.reuters.com/article/2012/0...8J6D7920120810

Aug 10 (Reuters) - U.S. regulators directed five of the country's biggest banks, including Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N), to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis.

According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks - which also include Citigroup Inc, (C.N), Morgan Stanley (MS.N) and JPMorgan Chase & Co (JPM.N) - to come up with these "recovery plans" in May 2010.

They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out, and reducing risk. The plans must be feasible to execute within three to six months, and banks were to "make no assumption of extraordinary support from the public sector," according to the documents.

Spokespeople for the five banks declined to comment. The Federal Reserve also declined to comment.

Ever considered creating a new Heavens Gate chapter?

[baryl]

I have homeowner's insurance in case of a disaster or whatnot as well as a plan on what to do in the event of an earthquake.

does not equal

BARYL'S HOUSE TO BE A PILE OF RUBBLE ANY DAY NOW

[ninavain]

Originally Posted by DTK

Thanks for the hyperbole.

This is the problem with you sometimes. You see an article about contingency plans and immediately leap to MASSIVE BANK COLLAPSE COMING and post that.

It's just as bad as johnny clips' recent 'The Real TRUTH about Obama' that was nothing but innuendo.

I guess I feel this will be orchestrated as was the 2008 when they ended up forcing you to pay more taxes to bail the fat cats out.. guess that didn't hurt the middle class enough ( oh just a 1 million houses a year going into foreclosure..that's all)

you do know there are certain people that profit on demise.. but we shall see.. since I've never given out billions to bail a friend out only to see them in "possible" trouble again in under 48 months.. so this article means nothing at all..lol

these banks were on the verge once...why not again

[DTK]

Originally Posted by ninavain

I guess I feel this will be orchestrated as was the 2008 when they ended up forcing you to pay more taxes to bail the fat cats out.. guess that didn't hurt the middle class enough ( oh just a 1 million houses a year going into foreclosure..that's all)

That's all wonderful except for the inconvenient fact that taxes haven't gone up. (Sorry right-wingnuts, it's true. Look it up). Once again, hyperbole.

Originally Posted by ninavain

you do know there are certain people that profit on demise.. but we shall see.. since I've never given out billions to bail a friend out only to see them in "possible" trouble again in under 48 months.. so this article means nothing at all..lol

Yes, i'm very well aware of the fact that certain people profit on demise. But wouldn't it seem logical that the government would want contingency plans from the banks after what happened?

Originally Posted by ninavain

these banks were on the verge once...why not again

Yeah it very well could happen again, but you glossed over my point. The article was about contingency plans (which is a more than reasonable thing to demand), and you immediately turned it into MASSIVE BANK COLLAPSE COMING.

[ninavain]

my opinion is this........all paper fiat currencies will fail as history tells us...the dollar is no exception .. ( remember when the British Pound was the world currency?) Then in the industrial age the dollar became the world currency.. we are now propping up our credit/debt based economy with money printing machines and certainly not the industrial nation we once were... looked at the factories lately .. they are empty, men are out of work.. homeless, hope fading...hell the banks don't need to collapse for this pain to grow.. but something is brewing and it will be a painful change of the current status quo this is just MY opinion from my observations , nothing more...if I'm wrong then we all bounce back to the big money of the 90's..I'll be a happy camper

[Makaveli]

It's just a matter of time.

[DTK]

Thanks for not addressing my points, not that I expected you to.

As i've said before, i actually agree with many things you bring up, but you dimish your credibility when (in this instance) you turn an article about contingency plans into MASSIVE BANK COLLAPSE COMING.

[ninavain]

Originally Posted by DTK

Thanks for not addressing my points, not that I expected you to.

As i've said before, i actually agree with many things you bring up, but you dimish your credibility when (in this instance) you turn an article about contingency plans into MASSIVE BANK COLLAPSE COMING.

I read it wrong ( the article)..or I took a different meaning from what it.. sorry for the title...I'll put in a memo for Theo to edit it

[2012]

[halfpint]

Has anyone read fifty shades of grey ?

[kane]

Originally Posted by halfpint

Has anyone read fifty shades of grey ?

That book is a conspiracy to prepare housewives to be bound and beaten when the lizard overlords finally make their move and take control of the planet.

[Paul Markham]

It's the dirty, rotten over spending, conspiracy Government making plans to save the country from Private Enterprise. Aren't you glad you have them to save your ass.