Posted on 01/06/2017 12:23:18 PM PST by Lorianne
Just 17 days from today, Donald Trump will be sworn in as the nation’s 45th President and deliver his inaugural address. Trump is expected to announce priorities in the areas of education, infrastructure, border security, the economy and curtailing the outsourcing of jobs. But Trump’s agenda will be derailed on all fronts if the big Wall Street banks blow up again as they did in 2008, dragging the U.S. economy into the ditch and requiring another massive taxpayer bailout from a nation already deeply in debt from the last banking crisis. According to a report quietly released by the U.S. Treasury’s Office of Financial Research less than two weeks before Christmas, another financial implosion on Wall Street can’t be ruled out.
The Office of Financial Research (OFR), a unit of the U.S. Treasury, was created under the Dodd-Frank financial reform legislation of 2010. It says its role is to: “shine a light in the dark corners of the financial system to see where risks are going, assess how much of a threat they might pose, and provide policymakers with financial analysis, information, and evaluation of policy tools to mitigate them.” Its 2016 Financial Stability Report, released on December 13, indicates that Wall Street banks have been allowed by their “regulators” to take on unfathomable risks and that dark corners remain in the U.S. financial system that are impenetrable to even this Federal agency that has been tasked with peering into them.
At a time when international business headlines are filled with reports of a massive banking bailout in Italy and the potential for systemic risks from Germany’s struggling giant, Deutsche Bank, the OFR report delivers this chilling statement:
(Excerpt) Read more at wallstreetonparade.com ...
Oh boy, more hijinks from the smartest guys in the room?
No worries. They’re TBTF banks. Nothing to see here folks.
I doubt they’ll get such a bailout this time around....they will have a lot of CEOs duckwalked to prison and have their own accounts tapped to repay what can be repaid....they obviously also thought Hillary would win....
in 2008 not one person responsible for the banking collapses has yet to go to jail. Obviously those who steal billions/trillions from the US tax payers are above the law from the simple fact that they donate to the right US politicians.
Read this article carefully. There is not one substantive comment backed by a shred of evidence. It is all supposition, guesswork and what if’s, could be’s and mayby’s
if the big Wall Street banks blow up again as they did in 2008, dragging the U.S. economy into the ditch and requiring another massive taxpayer bailout
NO BAILOUT, When the Banks explode you simply LOCK UP the Entire Board, All Executives, Seize All Assets from the Company and it’s Executives, EVERYTHING! Immediately HALT all Trading. SELL all Assets to Make Depositors Whole and All the Stockholders EAT IT
See Iceland.
Throughout all of world history the classic way to balance the books has been to have a major war.
Only a couple more weeks for all of the worlds ills to instantly transition from being the fault of bush to being the fault of trump. Also the context of the word unexpected will once again flip to always be associated with good news
This looks like a hardcore leftist website posing as a Wall Street reform watchdog. They have taken some legitimate issues and twisted them into I don’t know what. They write like they are on LSD instead of writing for the average reader.
Also their defense of leftist websites and writers (Greenwald, Hedges, Krugman, etc.) is a dead giveaway as to who they really are.
They also spin a great conspiracy web of trying to tie people into something that may not even exist, esp. re the Wash. Post and a man who died in 1963.
The Wash Post has been on every side of every issue, but it went far-left under Ben Bradlee and his successors. They used to have some very good writers (a few of whom, on Vietnam, turned out to be closet leftists). They published the decidedly leftist Drew Pearson (MerryGoRound) with jack Anderson, a purveyor of Soviet and other Marxists disinformation (esp. by covering up the Marxist backgrounds of all 9 Sandinista Commandantes who admitted that they were hardcore Marxists - Both Ortegas, Borge’, Wheelock, etc).
Today there is more communist propaganda and disinformation in the WP then ever before, from stories on Art/Culture to protests (they never tell you whose signs are seen in their photos or who the leaders of many groups really are), esp. Obituaries where everyone who died was “prosecuted” by Sen. Joe McCarthy and his House Committee on UnAmerican Activities - he was a Senator, HCUA was a House committee, lost on the writers due to deliberate ignorance), and in the coverage of far-left members of Congress (i.e. the Congressional Progressive Caucus and many members of the Black Congressional Caucus, but I repeat myself).
This “Wall Street on Parade” group/publication should be “watched” itself as it tries to fool the American public as to who they really are and what they want.
Wall Street definitely needs reform, but I seriously doubt if it can come from the Left since the Dodd-Frank Bill really screwed up the economy and led, at least in part, to the bank scandals and failures of the early part of this century (both Republicans and Democrats contributed to it).
We always have to remember the old question, “Who watches the watchman”, and George Washington’s admonition during the Revolutionary War that “Put none but Americans on guard tonight” (possibly paraphrased a little).
The Left does NOT want any “watchmen” watching their scheming, plotting, lying, subverting, perverting and treason. It is simple as that.
The rats destroyed the economy to get Obama elected. They will try to do it again. Treasonous. They rarely have any new ideas, so they just keep repeating until it doesn’t work anymore. Like you are a racist until it becomes absurd.
The Washington Post?
It is the Washington ComPost. Has been for a long time.
The Washington Communist Post.
Just like the Dem Party is now the ComDem Party. (Communist Democrat Party)
Congress needs to pass the Glass-Stegal bill and require regular/investment bank splits within 30 days. Also may derivatives illegal and outlaw naked shorts.
How many, even on FR, actually understand this? Does Donald or any of his staff; unfortunately, his people _may_ drain the political swamp, but no one is going to be able to dismantle the _reserve_. Very few even know that it is the cause of what has happened and is happening.
The actual problem is only partly political, it is financial. Whether anyone agrees, will see the coming results of the _reserve_ scam...
Ooops, ya lost me there. If the big Wall Street banks blow up, we're not bailing them out. Some bankers will be out of work. They'll find work elsewhere. The bank's liabilities will be picked up for peanuts by other banks. I'm not invested in any big Wall Street banks so I don't care.
Some businesses and a lot of governments will miss the liquidity for a while, but it will be back, if there's value there. Suck it up. Let's get back to reality, shall we?
So Wall Street Banks Have $2 Trillion European Exposure is not true?
So, Wall Street Banks Have $2 Trillion European Exposure is not true?
We shouldn’t bail them out, but I would bet you we will. The American citizen will be made to do it ... just like last time.
They are all tangled up in a mess of interlocking and interdependent “derivatives” contracts worldwide. You cannot let it unravel, unless you are prepared for the complete end of the financial world as we know it. Kiss your money goodbye!
But the banks in Italy are solid as a rock.
Not.
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