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Follow the source link. The title is exactly as it was printed and that is all. No enhancements or changes. Or maybe I should have changed it as I see fit? Then that would be the issue. Peace
Originally posted by benrl
Follow the source link. The title is exactly as it was printed and that is all. No enhancements or changes. Or maybe I should have changed it as I see fit? Then that would be the issue. Peace
Its grossly misleading because its from RT.
Rt is no more a valid news source as CNN and MSNBC, or any other of the MSM.
Its all propaganda just from a different side.
This is not really news, IF anything its worst if the banks DONT have a plan for failure, this was all part of the bail out thing to prevent a horrible bank collapse.
The banks by law have to prepare for a collapse and have a plan to split them selfs up so as not to be "to big to fail"
But of course RT would spin a positive legislation so that it looks like its something its not.
Deny Ignorance, does not mean changing propaganda sources for another.edit on 6-7-2012 by benrl because: (no reason given)
If they are planning for a "Just in case" scenario" I'm not buying it. They have a "Let's get ready to do this thing" plan all mapped I believe.
Originally posted by II HAL II
When you rob a bank... you go to jail.
When a bank robs you... they get a bonus.
Ladies and gentlemen... the camel's back is almost broken, just one or two more straws to go.
edit on 6-7-2012 by II HAL II because: (no reason given)
Originally posted by benrl
reply to post by jude11
In your post you stated that you where not a finicnal expert you also stated this
If they are planning for a "Just in case" scenario" I'm not buying it. They have a "Let's get ready to do this thing" plan all mapped I believe.
I am not blaming you, merely explaining the situation to you.
By law the banks have to prepare, so your not buying that buy law they had to.
The entire plan was mandated by law, they had no choice in the matter.
The banks didn't go "oh crap we are failing lets make a plan"
It was the Gov going "you a-holes better have a plan"
See the difference? and RT of course is a propaganda outlet for Russia, so of course its going to be spun negatively.
Have you ever sat and watched RT for a day? its very interesting, but readily apparent its all propaganda.
Its actaully pretty entertaining, learn to watch all news with the same critical eye we watch the MSM here in the US and you will see its the same everywhere.
And somewhere in the middle the truth is, thats why we are all members of ATS isn't it?
same amount of money as you do working for George Soros and the Communist Party of America to bash the banks on public forums.
Do you get paid in rubles or EURO's? Just curious how that works.
Originally posted by jude11
Originally posted by SouthernForkway26
Major Banks Say They Are Ready To Go Under
Banks are required to give the government the tools to wind them down in a case of failure under provisions of the Dodd-Frank financial reform law designed to end the practice of bailing out “too big to fail” banks by the state. The act aims to secure the financial system from turmoil such as followed the collapse of Lehman Brothers or Bear Stearns in 2008.
Part of the new regulations. Theyre trying to say that they have a plan, and if something crazy happens and a big bank fails there's nothing to worry about. They have a plan for that. I doubt that they would be able to sell their assets to the willing buyers like they say they can. If one goes down, you can bet that the market is gonna be worried about the rest of them. Prices for these assets are likely to plummet before they are all sold, creating a snowball effect. It's all just more smoke and mirrors to try to keep faith that the market is stable and prepared.
Well it all sounds like a cluster **** coming and they're ready.
I'm still going to keep my money close at hand and out of the bank as much as possible. Can't help it. After these last few years I have no faith in anything these buggers have to say.
Peace
Now its the same, the banks are crashing the economy to justify a further consolidation of power and control.
canada has great banks
and RT of course is a propaganda outlet for Russia
They got billions of tax payer money in the bail outs.
The only reason the bankster CEOs have to "climb the ladder" is to see if they are good little puppets who can be trusted to play the game while keeping their mouths shut. This is the reason for their fat cat pay checks.
Once they're in their cushy lifestyles, dining in the best restaurants, and sleeping with the best call girls, it's terrifying for them to imagine themselves back in the sweat shops working their 80-100 hour per week jobs where they have to brown nose to people like you.
I don't have any respect for Soros either and how dare you suggest that I work for a snake with legs.
Banking CEOs, insurance companies, lobbyists, and politicians are all corrupt. The ones in society who deserve to make fat paychecks are doctors, nurses, firefighters, EMTs, teachers, and anyone else who is actually doing the community a service.
You mentioned chipping earlier, please volunteer yourself and your family first. Might as well practice what you preach.
Originally posted by detachedindividual
Originally posted by SouthernForkway26
Major Banks Say They Are Ready To Go Under
Banks are required to give the government the tools to wind them down in a case of failure under provisions of the Dodd-Frank financial reform law designed to end the practice of bailing out “too big to fail” banks by the state. The act aims to secure the financial system from turmoil such as followed the collapse of Lehman Brothers or Bear Stearns in 2008.
Part of the new regulations. Theyre trying to say that they have a plan, and if something crazy happens and a big bank fails there's nothing to worry about. They have a plan for that. I doubt that they would be able to sell their assets to the willing buyers like they say they can. If one goes down, you can bet that the market is gonna be worried about the rest of them. Prices for these assets are likely to plummet before they are all sold, creating a snowball effect. It's all just more smoke and mirrors to try to keep faith that the market is stable and prepared.
Absolutely agree. This is nothing more than gov requiring banks to have an "emergency plan", but all of those banks have simply made an obvious plan that wouldn't actually work.
The banks are placating regulators and gov with a scrap book of ramblings, so the regulators and gov can placate the public and say they have a plan.
The truth of the matter is that none of those plans can ever actually be used, because the vast majority of their plans would be pointless. Who is going to buy parts of a failed bank in a crashing market when bankers and traders are jumping from the roofs?
These plans do not take into account the size of the disaster should any of those banks collapse. They're written as though they're a small shop on the corner dealing with a flood. These banks have the capacity to crash the entire monetary system all over the world, and their contingency plans would be worthless in the face of that.
It doesn't mean a collapse is on the way either. We've seen several instances where the banking collapse should have happened already, and governments keep coming up with dastardly plans to give them more of your money. I expect this to continue to happen until the people say enough is enough.
Our governments are already in so much debt it almost doesn't matter if they continue to pump money into the pockets of the bankers forever. I'll bet most governments are having meetings quite regularly and saying to each other how they're shocked that the people are allowing it to continue. They must be stunned that the public has just bent over and taken it the way we have without a fight.
Originally posted by Detergent
There seems to be a fundamentally flawed premise involved in these plans. That is, that other big financial institutions will buy the assets of a failing bank. Instead, it seems that when one of these "too big to fail" banks (like Lehman Brothers) gets into such serious trouble that it is about to fail, all the other big institutions are in serious trouble, too. The others aren't just sitting around itching to get their hands on yet more bad assets. They have their own similar bad assets they'd like to ditch.
Sounds more like a placebo to placate banking critics than genuine medicine.
clearly you don't have a grasp on what is going on in the banking industry from your sheeple like rant defending the banks
“under a 2005 amendment to the bankruptcy laws, derivatives counterparties were given the advantage over other creditors of being able to immediately terminate their contracts and seize collateral at the time of bankruptcy.”
I've heard it referred to as the banks "living will". Interesting times as unfolding Keep informed, research (for yourself) and prepare for a little bit of a "crisis" before good, maybe geat things, happen for us.
Originally posted by camaro68ss
The emergence plan was put in a bill back in 2010, i think, and the deadline was this month for the majority of the banks to submit there “brake up” plan if anything was to happen.edit on 6-7-2012 by camaro68ss because: (no reason given)