Posted on 11/09/2015 10:21:49 AM PST by PAR35
Big banks better start looking under the couch cushions. They need to come up with $1.2 trillion to fortify themselves from the next financial meltdown.
Global financial regulators Monday issued new rules that are designed to prevent a failing big bank from dragging down the entire financial system. That's what happened in 2008 when Lehman Brothers imploded, sparking the worst financial crisis since the Great Depression.
...
Wells Fargo (WFC) and JPMorgan are the U.S. banks most vulnerable to the new G20 rules, Morningstar's Baker said. He estimates Wells Fargo may need to raise up to $30 billion, while JPMorgan could need $25 billion.
(Excerpt) Read more at money.cnn.com ...
Yes. Anyone who makes a loan that defaults must be shot. Maybe the borrower too? And the depositor, just to be safe.
I hope the fat dude in the suit is supposed to be “Big Government” ... it makes no sense otherwise.
That’s unfortunate ... It’s congressthings and bureaucrats that need to be flogged ... then tarred, feathered, and put in cages.
Ammo is pricey nowadays.
Yep… We bought a few properties during my productive years and paid them off over the years and now our net income exceeds our wildest expectations as we have been able to adjust rents upward as the dollar becomes totally worthless. I just read the the Chinese Luan is set to become the benchmark for the world?
When you’re killing the greedy kulaks, price is no object, eh comrade?
They will wait until a Republican gets in office and let him take the fall.
This guy’s site will explain that, while you are right about the coming crash, that cashing out the 401K is probably not the right move to take: generally correct about the economy, but specifically maybe not the right move.
Still, I don’t know your specific circumstances, I acknowledge that.
(NOTE: You might have to subscribe to the free newsletter, or listen to his radio show, if you can’t find it in the site material.)
https://www.financialissues.org
Respectful regards,
To bi to fail.
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