Banks are no longer to big to fail? - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 9 (permalink) Old 10-27-2010, 02:26 AM Thread Starter
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Banks are no longer to big to fail?

End bailouts -- No ifs, ands or buts - Business - Bloomberg Businessweek - msnbc.com

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It's hard to imagine, but it looks like the beleaguered U.S. housing market faces further travails. And that means the financial system could be entering another perilous phase, especially since the economy continues to sputter. But this time around the U.S. Treasury and the Federal Reserve should send a clear message up front to the top brass at big financial firms: no more bailouts.
So if it would be ok to fail now, why not a year ago? two years ago?

Quote:
The picture gets even uglier. Big investors are starting to exercise the rights written into many mortgage-backed securities requiring banks to buy back loans gone bad. For instance, Bank of America's market value dropped 3.4 percent on Oct. 19 on reports that three giant investors -- Pacific Investment Management Co. [Pimco), BlackRock, and the Federal Reserve Bank of New York -- want the lender to repurchase $47 billion of securitized mortgage bonds.

There is a genuine probability that the mortgage-backed packagers could be on the hook for billions of dollars. Analysts at JPMorgan Chase estimated in an Oct. 15 report that the put-back price tag could reach as much as $80 billion.
Sounds like we might be right back where we started....big banks failing

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The Obama Administration hasn't done much to address the latest developments in the housing market. Bravo. A hands-off approach is appropriate even though odds are many financial institutions will pay a steep price for the credit spree that ended disastrously with the credit crunch three years ago. Congress is hardly willing to contemplate another bailout. Foreclosure law is primarily a state issue. The courts are the proper venue for sorting out the fight between big investors and mortgage-backed securities packagers
So NOW is the time for a hands off approach?

With all the debt everyone is carrying it's not a matter of if it's a matter of when...

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post #2 of 9 (permalink) Old 10-27-2010, 03:48 AM
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Re: Banks are no longer to big to fail?

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Originally Posted by PsRumors View Post

So NOW is the time for a hands off approach?

With all the debt everyone is carrying it's not a matter of if it's a matter of when...
It wasn't a matter of if, but a matter of when 2 yrs ago. All we have done was prolong the fall, and climb the ladder a few more feet so the fall will just be more intense than a few yrs ago. A few yrs ago it was a fall that might have broken a leg or arm. Now it will be a fall that breaks both legs and both arms. You want to see riots on the capitol, pass another stimulus to bail out something that is to big to fail.

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post #3 of 9 (permalink) Old 10-27-2010, 05:30 AM
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Re: Banks are no longer to big to fail?

And yet, people seem to ignore that the latest estimate is that all but about 40 Billion of it will be paid back.

.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
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post #4 of 9 (permalink) Old 10-27-2010, 05:37 AM
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Re: Banks are no longer to big to fail?

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Originally Posted by AK Gandy View Post
And yet, people seem to ignore that the latest estimate is that all but about 40 Billion of it will be paid back.

.


Where is your proof? Man you are so worthless, not posting up a link. How could you not have time to do that since your retired and all.

Where is your link!!!
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post #5 of 9 (permalink) Old 10-27-2010, 06:25 AM
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Re: Banks are no longer to big to fail?

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Originally Posted by Gray 03 View Post
Where is your proof? Man you are so worthless, not posting up a link. How could you not have time to do that since your retired and all.

Where is your link!!!
Right here.

TARP (click here)

Quote:
The Treasury Department estimated this week that TARP may cost taxpayers as little as $51 billion, less than half what it took to clean up the 1980s savings-and-loan crisis. The cost could shrink to $29 billion if the U.S. reaps expected profits from its other, non-TARP aid to insurer American International Group Inc., it said.

It's obvious by now, that you're not much into independent thinking or research.

I'll bet whomever you listen to, didn't mention anything about that..........now did they?



.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
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post #6 of 9 (permalink) Old 10-27-2010, 09:34 AM Thread Starter
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Re: Banks are no longer to big to fail?

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Originally Posted by AK Gandy View Post
And yet, people seem to ignore that the latest estimate is that all but about 40 Billion of it will be paid back.

.
So what's different today than last year, two years ago? Why were they too big to fail then but not now?

Of course I wonder how much of theirs was "paid back" the same way GM's was "paid back".....

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post #7 of 9 (permalink) Old 10-27-2010, 12:50 PM
Yeah, it's like that
 
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Re: Banks are no longer to big to fail?

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Originally Posted by AK Gandy View Post
Right here.

TARP (click here)




It's obvious by now, that you're not much into independent thinking or research.

I'll bet whomever you listen to, didn't mention anything about that..........now did they?

.
So, can you post up a graph from a creditable source that shows this paid back TARP and how it has reduced US Debt, because the last I checked that number was going up at an alarming rate.

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
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post #8 of 9 (permalink) Old 10-27-2010, 12:53 PM
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Re: Banks are no longer to big to fail?

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Originally Posted by PsRumors View Post
So what's different today than last year, two years ago? Why were they too big to fail then but not now?
In the first place, I didn't read anything except one guys opinion about what might happen.
Quote:
...."could be entering another perilous phase".....
In the second place, the same situation doesn't exist for banks (potential bankruptcy), because of the tightened regulations and how much reserves they have to maintain.

Thirdly, I didn't see anything that said the Fed's wouldn't look at helping if it were actually to mirror the previous problems.



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Originally Posted by PsRumors View Post
Of course I wonder how much of theirs was "paid back" the same way GM's was "paid back".....
I guess you didn't like him saying this?
Quote:
["although the cost appears to be a lot less than first feared").
.

Never have so many politicians, screwed so many Americans...just to make one black person lose his job.
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I can be possible.
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post #9 of 9 (permalink) Old 10-27-2010, 12:53 PM
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Re: Banks are no longer to big to fail?

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Originally Posted by AK Gandy View Post
And yet, people seem to ignore that the latest estimate is that all but about 40 Billion of it will be paid back.

.
More hope and promises, that will never be fufilled.

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I'm getting it in the can right now!!
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