Senator Warren Remarks Too Big To Fail Scenario is Scary

[laserhaas]

In a startling revelation today the FDIC stated five major banks flunked on their regulatory compliance and Senator Elizabeth Warren remarked that:

"

This announcement is a very big deal...it's scary.

Warren further added:

And it means that, unless these banks promptly address the concerns identified by the regulators, the government must push these banksvto get smaller and less complex

Read more:
http://www.politico.com/story/2016/04/regulators-flunk-banks-fdic-federal-reserve-221880



Regulators said JPMorgan Chase and other banks failed to show that they could be safely unwound during bankruptcy. | AP Photo

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[think]

1. Thank you for posting. /nt

[laserhaas]

2. U R welcome

With Bernie rising...things are heating up

[Hydra]

3. The Banks will not be broken up in time

We're right on the edge of another major crash...and the establishment will bail them out again with nary a sharp word for them.

[laserhaas]

4. Like they handed Obama a mess

The banks will go bankrupt and hand Bernie one..too

[Hydra]

5. Bernie could do a lot with that, which is why they don't want him in

He could nationalize them and clean the whole system up if they hard crash again while he is in office. They would much rather have a status quo supporter who will "Get things done" for them.

If they do get someone willing to prop them up again...there may only be one bank left at the end- the mega-bank of all megas.

[laserhaas]

6. Ouch...Could be a Blank :-! ein or Dimon scheme

To become a Rothschild equal.
.
Could ig be....only 1 bank in America?

Ouch!

[Skwmom]

9. Clinton's wait until the banks are in trouble to break them doesn't seem like such a great idea.

But wait, all of the fucking geniuses that support her told us it was the bestest idea EVER. Unfortunately, it's not those schmucks that will be harmed.

[Hydra]

13. If anything, they would be the ones to benefit from it

A handful of people made billions during the first crash, and others were able to gobble up other banks and assets, reducing competition and giving them even more leverage.

I'm of the opinion that 2006-2008 was not an accident...and neither with the next one be.

[laserhaas]

15. Correct...like JP Morgan did off gobble up

Lrhman and Bear going down spread the billions qround

[malaise]

23. Question - isn't JP going down with the fossil fuel energy sector? n/t

[laserhaas]

24. JP should have been indicted for Petters Ponzi frauds

As for me....t g e preponderance if the evidences are against Dachs & Bain Cap

[silvershadow]

7. Bump. nt

[Skwmom]

8. No Elizabeth. They need to be broken up. Only a FOOL thinks the risks can be managed.

[passiveporcupine]

10. I don't know if Bernie can nationalize them

but it sure would be great if he could.

[Recursion]

11. "Smaller" and "less complex" are two separate questions though, aren't they?

Which one is the real problem? The absolute size of the companies? Their size relative to GDP? The diversity of their offerings? People really need to come up with some answers here.

[laserhaas]

12. Correct..Not mutually exclusive...

And of the less complex.....cease tg d revolving doors

[Hydra]

14. Frankly, it's the size of their influence

Nothing is really too big to fail...but too big to control is a different story.

[laserhaas]

16. I'm not so sure...when dominoes fall..they continue to do so

After my letters to Holder's DOJ ...his argument that they must also consider the economic impact ...didn't fall upon a deaf ear
.
That's why...if our eToys case were to see justice...I believe Goldman Sachs losing it's IPO biz is sufficient.
.
Bian Capital....on the otger hand...sprouted from Salvadoran death squad lords...contknued with Miljen fraud monies & bribed judge in Stage Stores dealings (see Taibbi's "Greed and Debt" thag I'm one of sources of).
.
Then continued with The Learning Company merger with Mattel that lost billions and spawned a corrupt United States Attorney (Colm Connolly)
.
A RICO seizure of Bain Capital has tremendous value and the collapse hatms no one because seizures would be of compsnies like Clear Channel (headed BK anyway)....

Also Burger King....Guitar Center...Jumbo Sports ( in bankruptcy.....AGAIN)....Hospital (HCA) Toys R Us ( not before we get back our eToys brand name)

[jwirr]

17. 5 of the 6 largest banks are at risk and if even one of them

fail it could very likely effect the economy of the whole world. That is why they are called "too big to fail" because they can bring the whole economy down around our heads. That is why we had NO choice but to bail them out in 2008. This needs to stop.

[laserhaas]

18. When we halt...Too Big to Jail

It will be.much essier to arrest too big to fail

[jwirr]

19. That also. But even if we put some bankers into jail and do

not break up the banks they will still be too big to fail.

[laserhaas]

20. Im trying jwirr.. We have enough evidence to get Bain

RICO'd and make Blankfein resign
.
Just need one honorable federal prosecutor

[jwirr]

21. Thank you. Very glad that there are people who know how to

get this done. I think Teddy Roosevelt must have felt this way also.

[laserhaas]

22. Possibly..It aint easy...to take down big sleazy

[sendero]

25. There will be...

... another banking crisis in the US and it will probably be worse than the last one. Dodd-Frank is something, but it was not nearly enough.