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If they failed, we will not turn to cannibals and live in caves. Banks have been going BK for centuries, and life goes on.
Yes who says my firm would go out of business because another firm failed?
In fact my firm would be stronger because we would hire the talent that is out there like we did after Lehman went down.
My firm is succesful. The ones that failed were not yet we all pay for it.
Yes who says my firm would go out of business because another firm failed?
In fact my firm would be stronger because we would hire the talent that is out there like we did after Lehman went down.
My firm is succesful. The ones that failed were not yet we all pay for it.
So would credit unions and smaller lenders who lend more on personal references and alternative means. It's hypothetical nonsense to think society will fail without Citi, with zero empirical evidence.
....some wonder if this is more for show than an indication banks are ready to stand on their own. Banks can still tap cheap loans, debt guarantees and, of course, the biggest promise of all -- that big banks are too big to fail. So it's more like sending these banks out with training wheels than allowing them to fend for themselves
***
"It's good from an individual investor point of view, it's great for the banks, but from a system point of view it's very dangerous."
***
And, the elephant is still in the room. Banks still have billions, possibly trillions, of dollars of toxic assets on their books. Banks don't want to write down the assets to the level needed to sell them so the government shelved a plan to encourage investor purchases of mortgage loans. This plan is now seen as an insurance policy in case banks need more help in the future.
While the banks are showing signs of recovery only thanks to the trillions of dollars the government and the Federal Reserve put into the system, not because they can stand on their own, the system is still fragile: Foreclosures continue to mount; bankruptcies are being filed at the rate of more than 6,000 per day.
....some wonder if this is more for show than an indication banks are ready to stand on their own. Banks can still tap cheap loans, debt guarantees and, of course, the biggest promise of all -- that big banks are too big to fail. So it's more like sending these banks out with training wheels than allowing them to fend for themselves
***
"It's good from an individual investor point of view, it's great for the banks, but from a system point of view it's very dangerous."
***
And, the elephant is still in the room. Banks still have billions, possibly trillions, of dollars of toxic assets on their books. Banks don't want to write down the assets to the level needed to sell them so the government shelved a plan to encourage investor purchases of mortgage loans. This plan is now seen as an insurance policy in case banks need more help in the future.
While the banks are showing signs of recovery only thanks to the trillions of dollars the government and the Federal Reserve put into the system, not because they can stand on their own, the system is still fragile: Foreclosures continue to mount; bankruptcies are being filed at the rate of more than 6,000 per day.
/quote
Yep, tin foil hattery. Purely hypothetical situation considering Lehman went BK without gubmint help and the country did not enter into civil war. No different than GWB's empty claims of WMD and "we're all gonna die if we don't do XYZ". Maybe you should join the neo-cons since you have so much in common with them?
So would credit unions and smaller lenders who lend more on personal references and alternative means. It's hypothetical nonsense to think society will fail without Citi, with zero empirical evidence.
The bailouts were all based on Fear.
If any money should have went out it should have been to the healthy firms so they could forge mergers and aquisitions. Bank of America and Merill did it.
Yep, tin foil hattery. Purely hypothetical situation considering Lehman went BK without gubmint help and the country did not enter into civil war. No different than GWB's empty claims of WMD and "we're all gonna die if we don't do XYZ". Maybe you should join the neo-cons since you have so much in common with them?
Do you happen to remember what happened as a result of Lehman going under? I know it was a long time ago.
Didnt you say you're an investor?
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