Posted on 08/23/2014 4:38:23 AM PDT by mgist
Government leaders are expected to agree in November that the world's top banks must issue special bonds to increase the amount of capital which can be tapped in a crisis instead of calling on taxpayers to come to the rescue, industry and G20 officials said. The bonds, known as "gone concern loss absorption capacity" or GLAC, are seen by regulators as essential to stopping the world's 29 biggest lenders from being "too big to fail". The plans are being drafted by the Financial Stability Board, the regulatory task force of the Group of 20 economies which declined to comment ahead of a G20 summit in November, when G20 leaders will discuss the reform before it is put out to public consultation.
(Excerpt) Read more at newsweek.com ...
If institutions such as the SEC were doing their jobs, instead of enabling fraud and money laundering, maybe it wouldn't have come to this.
G20 was claiming in 2009 that the bank bail outs would end world hunger for 50 years. no joke.
It also seems the Fed intentionally planned on funneling “bail out” money to foreign banks, but chose to do so secretly.
http://www.dailykos.com/story/2013/02/20/1188374/-The-true-cost-of-the-Bank-Bailout
G20 Summit: Bank bailout would end global poverty, says Oxfam
The trillion pound bailout promised by governments to bail out banks would be enough to end global extreme poverty for 50 years, charity Oxfam claims.
7:50AM BST 01 Apr 2009
“G20 was claiming in 2009 that the bank bail outs would end world hunger for 50 years. no joke.”
World Hunger basically ended, maybe, 20 years ago with HUGE improvements in crop yields (one of them being the wheat we eat today is essentially poison...but it does still provide plenty of calories), so what they say is old news. It DEFINITELY is not around now, as EVERY COUNTRY in the world is capable of feeding its people (although many require assistance...but the assistance is available).
The only problem now is countries and militias using food as a weapon and starving political opponents - that certainly has not ended and probably never will.
OXfam, “the charity” that pushed for bank bailouts for other countries, is another NGO dressed in sheeps clothing, funded by Soros and John Kerry, but simply lobbies against Israel.
Governments. Read that: TAXPAYERS and those who want to "short" the banks for their own personal ends (George Soros.)
The end of our Banking System is near. Prepare.
That problem is as old as Governments and militaries itself.
“The end of our Banking System is near. Prepare.”
And our bank accounts as well. Once they destroy the
American dollar then they will go after the physical wealth,
property as in land, gold etc.. It’s simple. You want to eat
give us your gold if you want medical help give us your
guns. If you want to live give us your land.
Their ability to destroy these things at will is proof that
we are living in the beginning of a totalitarian state. The
only mistake that they made was not getting the guns first,
thinking that they will be able to use the bureaucracy to
do that.
I know. Short term loans long ago repaid. Awful. Just awful.
show me anywhere those “loans” have been repaid.
The Feds and the Federal Reserve lied from the beginning. An independent GAO audit found previously unknown $Trillions spent from the Federal Reserve. A Federal Reserve website is not valid.
It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.
Read more: http://www.rollingstone.com/politics/news/secret-and-lies-of-the-bailout-20130104#ixzz3BGKaPMgI
The GAO audit got their info from the Fed.
Why is the audit right but the balance sheet wrong?
It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you
The taxpayer stepped in, with TARP. A profitable rescue plan. Which had nothing to do with the Federal Reserve.
I love the link to Rolling Stone! Anything by Bernie Sanders to support your claims? LOL!
The FEDS Pay Back the Feds Bailout Money, From the Feds Money -You Lose Again
(Actual Title)
Let me know if you ever find one that supports your claim.
So you are ok with tax payer money being used to pay back money given to banks? That is the equivalent to you, refinancing your house to pay your customers car payments.
and they are still pumping out money.
Bank Bailouts Without End
http://www.thenewamerican.com/economy/sectors/item/17623-bank-bailouts-without-end
You don’t have to be a banker or a government economist or a green energy venture crony capitalist to know the right answer.
I didn't realize that author was such a clown. Those MBS are guaranteed. There are no "questionable ones".
Our friend Charles Payne from Fox Business calls the Fed’s bond portfolio the “Yucca Mountain” of bad mortgage loans.
“So Fannie Mae sells off all it’s junk [to the Fed] and keeps all the good stuff,” Payne told me on Ransom Notes Radio. “The good stuff starts coming back, housing prices come back and just like that they raised over $120 billion, eight straight quarterly profits.”
I didn't realize Payne was such a goof either.
The question becomes: What does the Federal Reserve Bank do with them?
Hold them to maturity. They run off much faster than you'd think.
They likely can’t sell the stuff on the open market.
Who would buy it?
LOL! A guaranteed bond with rates higher than Treasuries? Lots of people.
Try to be more specific.
What tax payer money do you feel is being used to pay back what money that you feel was given to what banks? And who do you feel gave it(the original money and whatever new money) to them?
Who? Where?
Is that article supposed to mean something?
Why not cut and paste the chunk that you think proves your claim?
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