Monday, July 2, 2012

"STEP BY STEP TOWARDS NATIONALIZING OUR BANKS WITHOUT CREATING A PANIC" ...

June 10, 2012 .. *Big US banks brace for downgrades ( likely to reduce by the end of June credit ratings for 17 large global banks) ... .. June 28, 2012 .. *The Five Big Banks Draft Plans for Going Out of Business .. July 1, 2012 .. *Nine major banks are putting the final touches on so-called “living will” plans that they are due to submit to federal regulators this weekend ... .. July 2, 2012 .. *European and American Governments Encourage Bank Manipulation and Fraud to Cover Up Insolvency ...

April '09 ...

"Prominent voices call for the nationalization of the weakest major U.S. banks, although advocates of that step are still in a distinct minority. In my view, nationalization should only be a last resort measure, as has historically been the case. (The government has frequently taken over smaller banks, but on only rare occasions has it taken over one of the largest banks in the country.) However, such a nationalization could happen in the current crisis, either because we reach the stage of last resorts or because the anger and desperation of the public creates a political consensus for this drastic action"

Links ... Articles From 2008 - 2012 ...


Excerpts: Survival Manual ... Nationalizing Banks

Bank Nationalization ... Here we go ...

Fed Summons CEOs of 28 Top U.S. Banks to Meet With Supervisors Nov. 2

Nationalizing troubled banks may be the only answer - Feb. 2009

Nationalization? Greenspan Suggests Bank Nationalization Feb. 2009

In-Depth Look - Possible Bank Nationalization - Bloomberg

Stiglitz Says U.S. Is Paying for Failure to Nationalize Banks

What's up with Switzerland these days? Past, Present, Future...

*** GLOBAL FINANCIAL OVERHAUL WILL BE SEEN IN 2010 ~ U.S. and the EU's New Regulatory Order ...

Dodd circulates financial overhaul bill for a (federal regulator) - FIRA?

President of the "JP Morgan" May Succeed U.S. Treasury Secretary

Geithner: Too Soon to Declare Victory in the Financial Crisis

THE GRAND ILLUSION - Profiles: Timothy Geithner - Jamie Dimon

Why we must nationalize the Federal Reserve

Joblessness Plan Revamps Rules on Bank Bailouts

House Financial Regulatory Reform Bill Passes

BIS - Banks ~ Global Warning as Banks Return to Risk

*** Bernanke makes case for Fed keeping banking powers

NY Fed President Backs Independent Central Bank

Obama's 'Volcker Rule' shifts power away from Geithner (Volcker just waiting in the wings as plan moves forward)

In Davos, regulators tell bankers new rules coming ...

Group of Central Bank Governors and Heads of Supervision Reinforces Basel Committee Reform Package

Basel Committee told to address gaps in reform

Fed’s Tarullo Says Regulators Need More Data Powers

Agreement Is Near on New Overseer of Banking Risks

Bank of America Hires Ex-Merrill Lynch Managers Kaplan, Chapin (Global Banking)

Obama bank plan may have unintended consequences: Bernanke

NY Fed President Backs Independent Central Bank

Kohn to leave Fed in June; gives Obama opening

Today ~ Obama Said to Send Volcker Rule Proposal to Congress ...

Links ~ Banking on a nation ... Volcker ...

Dodd Seeking Middle Ground on New Financial Rules

Dodd Takes Another Crack at Financial Reform But ... Does Anyone Care?

Geithner will work with Dodd on Financial Reform

Financial Overhaul Is Next Priority of Democrats ...

US presses for global finance rules this year ...

US financial reform bill ‘picking up momentum’

Neal Wolin ... Summers Says Financial Overhaul Likely to Be Passed by June ...

Obama: Fresh crisis without new financial rules

April 27th ~ Reid moves up start of financial overhaul debate to next week ...

Geithner predicts passage of financial overhaul ...

*** US financial reform passed by Senate ...Bill ready for Obama's Signature ...

Wed. July 21st ~ Obama is scheduled to sign financial overhaul bill ~ New Finance Rules Become Real as Emanuel Says `Just Do It'

*** Obama signs sweeping financial overhaul into law ...

Treasury Secretary Geithner's Fingerprints all Over Financial Reform Bill ...

Banks get years to adjust to new global rules (2013-2019) ...

Geithner pledges quick action on financial rules ...

GAO: Treasury Bailed Out 66 Banks With Known Financial Problems, Better Monitoring Needed

Shut banks that threaten financial system, U.S. Fed chief says ...

The banks include Bank of America, Chase, Citibank, HSBC, PNC Bank, U.S. Bank, and Wells Fargo

* Here we go ~ Nationalizing troubled banks may be the only answer "Resurrect the Resolution Trust Corporation" Resolution Trust Corporation (RTC?) ..

Rumors Grow That Michael Bloomberg Is Going To Be The Next Treasury Secretary ~ and Rumor ~ "Treasury Secretary, is gone after November" hmmm ...

Foreclosure Crisis Could Force Bank Nationalization ...

*Greenspan wants consolidation, not more bailouts, for Europe

June 10, 2012 .. *Big US banks brace for downgrades ( likely to reduce by the end of June credit ratings for 17 large global banks) ...

June 28, 2012 .. *
The Five Big Banks Draft Plans for Going Out of Business

July 1, 2012 .. *Nine major banks are putting the final touches on so-called “living will” plans that they are due to submit to federal regulators this weekend ...

July 2, 2012 .. *European and American Governments Encourage Bank Manipulation and Fraud to Cover Up Insolvency ...