Why the Worlds Major Banks are on the Verge of Collapse, page 4
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ATS Members have flagged this thread 125 times


reply posted on 9-10-2008 @ 10:16 PM by TXRabbit
reply to post by cpdaman



Truckers only have to worry about keeping their tanks filled and their insurance paid up. If they manager their finances responsibly they'll have no problems as they're usually paid for the loads they haul within 15-21 days of delivery. The problem I can see happening in the transportation industry is with the shippers and the brokers that book them. Those are the guys that operate off of credit.


reply posted on 10-10-2008 @ 12:56 AM by TXMACHINEGUNDLR
reply to post by karamazov feodor



No big deal you spell better than I do most of the time....I agree, and it has always been like that. There are haves and have nots. There are just too many of each right now...It will correct itself and the rich will get richer. While the rest go back to cleaning their bathrooms. Just the way of the world.


reply posted on 10-10-2008 @ 02:02 AM by Dbriefed
Originally posted by Power_Semi

Around the world, banks must comply with what are known as Basel II regulations. These regulations determine how much capital a bank must maintain in reserve. The rules are based on the quality of the bank's loan book. The riskier the loans a bank owns, the more capital it must keep in reserve. Bank managers naturally seek to employ as much leverage as they can, especially when interest rates are low, to maximize profits. AIG appeared to offer banks a way to get around the Basel rules, via unregulated insurance contracts, known as credit default swaps.


ORIGINAL SOURCE
www.kitco.com...

[edit on 9-10-2008 by Power_Semi]


www.federalreserve.gov...

Looks like we've been broke since January

Federal Reserve document dated October 9, 2008
AGGREGATE RESERVES OF DEPOSITORY INSTITUTIONS AND THE MONETARY BASE
Adjusted for changes in reserve requirements(1)
Seasonally adjusted unless noted otherwise
Millions of dollars
Date . . Nonborrowed . . Required
2007
Sep . . 41101 . . 40934
Oct . . 42182 . . 40977
Nov . . 42258 . . 40927
Dec . . 27244 . . 40905
2008
Jan . . -3510 . . 40509
Feb . . -17353 . . 41080
Mar . . -50232 . . 41313
Apr . . -91847 . . 41719
May . . -111647 . . 42122
June . . -127905 . . 41100
July . . -122316 . . 41371
Aug . . -123492 . . 42599
Sep . . -187309 . . 42745
Source: www.federalreserve.gov/releases/h3/Current/



[edit on 10-10-2008 by Dbriefed]


reply posted on 10-10-2008 @ 03:12 AM by stander
reply to post by karamazov feodor


Feodor, do you remember how Ceausescu appeared on the balcony back in 1989 before the crowd? Here, the president would never make a mistake like that. It's all TV speeches uninterrupted by boos from the listening crowd. The way folks get screwed here has been perfected over the long years. Among other things, you bullsh-t the folks with perfect, collegiate English and a smile.

Here's the list of the super-rich, power-wielding individuals:
www.forbes.com...

Feodor, we must spare Bill Gates: No Gates, no Windows, no freedom of speech, no cyber forums where we can bitch out our minds all the way to a mental asylum.
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