Too Big To Fail = Too Big To Exist
Why would a German Bank get a U.S. Bailout? So stupid.
How can this happen? With Germany trying to dictate EU policy to the UK, France and everybody else? Could they have forgotten to wash their own dirty laundry?
The Term Securities Lending Facility involved overnight loans fully collateralized by Treasury securities. You put up $10 billion in Treasuries, borrowed $10 billion at 5 PM, and paid if back at 9 AM the next morning. So if you add up all the days, yes, they borrowed $277 billion, but that is not what most people would consider a bailout.
The liberal/progressive/statist crony capitalism mentality.
Bailouts hide the fact that this ideology fails every time. Kicking the can down the road is only going to make the inevitable, much, much worse. This mentality is much worse than a mental disease.
CGato
I think we can still turn it around, but sometimes it seems like the Globalists have won, the New World Order is here, we have Global Government, and the rich guys who own, and profit from, our Federal Reserve also own and profit from Deutsche Bank and all the other Central Banks.
How does the migrant influx play into this Deutschbank situation? All those Muslim immigrants are no good for the German economy. What is bad for the German economy, I assume, is bad for Deutschbank. American taxpayers bail out Deuthscbank because of indirect effects of Muslim immigrants in Germany. Is my logic faulty?
You mean... they ran out of other peoples money again!?
how is that possible, that “never” happens with socialism!
/s
Well, no bias there... /s
So what they are saying is that they had a kid that went bankrupt, so Dad wrote the kid a check to keep the collection agencies away.
And...the kid took the money and gambled it on a 100:1 longshot.
Guess what? The longshot did not come in. Now they owe twice as much.
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REFERENCE The best book on the 2008-9 crisis was “The Sellout,” by Charles Gasparino. He traces several threads:
- How the investment banks (Merrill, Lehman, Bear Stearns) had leveraged themselves into near-death experiences before
- How US government policies virtually forced banks to make low-down payment mortgages to buyers with sub-standard credit, forcing up prices
- How securitization meant these sub-standard loans could be bundled up and sold far and wide (w/ great losses to the buyers)
- How the ratings agencies gave this crap AAA ratings
- How the sales incentives to create mortgage-backed securities led to incredible short term behavior on the part of investment bankers
- How AIG (insurance) screwed up by guaranteeing many of these in Credit Default Swaps....etc, etc, etc.
It took an unholy confluence of events—government policy, investment banker greed, and last, but not least, securitization to create the perfect storm.....and swamped taxpayers w/ billion dollar bailouts.
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POLS MAKE ZILLIONS IN PERPETUITY---by making insider deals w/ these bankers to issue education, transportation, and other municipal bonding deals.
Bonding is eternal taxation---taxpayers get stuck w/ huge tax bills.
Suddenly a lot of things are making sense.
Did Obama force Angela Merkel to take in millions of muslimbs in exchange for the bank bailout? Sort of like what Germany did to Greece.
Lehman Brothers didn’t receive any bailout so twice of nothing is nothing. But I know we taxpayers did bail out foreign banks.
We have a criminal government. Did the deutsch bank get their $150,000,000,000+ of US taxpayers’ money delivered in unmarked, untraceable cash on pallets by unmarked planes?
We have a criminal government. Did the deutsch bank get their $354,000,000,000+ of US taxpayers’ money delivered in unmarked, untraceable cash on pallets by unmarked planes?
The dots are connecting themselves.
The loan repayment was in the form of unchecked muslim immigration.
In a weird way this brings to mind what Winston Churchill once said about the Germans, “The Hun is either at your throat or at your feet’’.