7.7 Trillion
Printed From: Tippmann Paintball
Category: News And Views
Forum Name: Thoughts and Opinions
Forum Description: Got something you need to say?
URL: http://www.tippmannsports.com/forum/wwf77a/forum_posts.asp?TID=189116
Printed Date: 16 February 2026 at 8:06am
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Topic: 7.7 Trillion
Posted By: impulse418
Subject: 7.7 Trillion
Date Posted: 21 September 2011 at 5:54pm
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The government is "more likely now than during
the financial crisis to allow a large bank to fail should it become
financially troubled," the ratings agency said. Our government is willing to let one of these banks fail? Do they want to declare martial law? I'm sure the lawsuit the Fed has against the banks, is not helping them get stable. I guess they are still pissed the banks didn't lend out that 125 billion the Feds gave them. In hopes they would. Edit: Edit to thread name. |
Replies:
Posted By: stratoaxe
Date Posted: 21 September 2011 at 6:00pm
Ignoring the process you came to in order to link failure of a bank to martial law, what makes the people think that the government reallly wants martial law in the first place? It's the same logic that's always baffled me when it came to computer chips in the brain, or helicopters in your back yard. It makes for a great evil story, but there has to be motivation, something (preferably monetarily) to gain in the event of its happening. I don't see anyone in the government wanting martial law. I seem to remember alot of controversy surrounding the last round of bailouts that started under Bush and continued onward with Obama. Not to mention the whole S&L fiasco under Reagan. So the government has lots of reason to at least make it look like they're not just standing around with billions to hand over to failing banks. ------------- 
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impulse418 wrote:Posted By: agentwhale007
Date Posted: 21 September 2011 at 6:14pm
I'll use this thread to discuss the fact that I'm probably going to switch to a local credit union here soon, for the following reasons:
The downside? All my direct deposits and withdrawals are set up with my existing Chase account. It's going to be a royal pain in the butthole to undo all of those and set them up on a new account. |
Posted By: impulse418
Date Posted: 21 September 2011 at 6:18pm
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I don't think the government wants martial law, but to let a big bank fall. What do you think would happen. Everybody will just say "well shucks that isn't good" How about we skip our government all together, and have the bail out money come straight from China. The stipulation being China gets more control in what the banks do and not do. We cannot let these banks fail. That is not an option. |
Posted By: stratoaxe
Date Posted: 21 September 2011 at 6:35pm
Well, I'm not far enough into my degree to fully understand the consequences of letting a bank fail, so I'm not going to lie and say that I'm 100% certain of what would happen. But banks can fail even with bailouts with the right management. It's happened in the past, and with little impact to the American economy. In fact, it's altogether possible that the bailouts did more damage than the bank failure. Mass riots and martial law are a very far fetched scenario in this country, mostly because they haven't happened in recent memory. I believe the last example of federally declared martial law was in Hawaii post Pearl Harbor, and we've been through quite a bit since then. A far as your Chinese option, I'm not sure if you're being sarcastic so I'm going to bypass that to this statement-
You're right, letting all of them fail isn't an option. But I can imagine letting a financial institution fail is definitely a viable option in some scenario. Again, I'm not pretending to be an expert or even full educated in this subject, I'm only speaking in hypothetical. If I had time to research this a little further with an idea of the specific consequences of specific banks coming to a specific demise, I'd be able to contribute a little more to the topic at hand. Mostly, I just disagree on the front that a bank failing would mean a state of martial law. I -------------
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Posted By: GroupB
Date Posted: 21 September 2011 at 6:42pm
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Personally, I am in favor of martial law. I would much rather deploy to Florida than Afghanistan. ------------- 
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Posted By: agentwhale007
Date Posted: 21 September 2011 at 6:44pm
At least Afghanistan is a dry heat.
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Posted By: impulse418
Date Posted: 21 September 2011 at 6:52pm
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I'm sure if a "smaller" bank failed (Are there any small banks left?). It probably wouldn't incite chaos.But after Nov 2008, the banks only got bigger. And if one fell, it would most definitely be a domino effect. BofA worries me the most. They are the #1 holder of toxic assets. They have been nailed by AIG in a recent lawsuit. And most recently by the Fed. They responded by announcing they will be laying off 30,000 people. I recently found this. Interesting read. http://www.marketwatch.com/story/why-the-insiders-have-quit-buying-stocks-2011-09-21?dist=beforebell - http://www.marketwatch.com/story/why-the-insiders-have-quit-buying-stocks-2011-09-21?dist=beforebell |
Posted By: ArthurBignose
Date Posted: 21 September 2011 at 7:13pm
Credit unions are great. I used Space Coast Credit Union when I was in FL and am now with State Employees in NC. I don't see the motivation for NOT using a credit union. ------------- |
Posted By: Rofl_Mao
Date Posted: 21 September 2011 at 8:06pm
QFT |
Posted By: ParielIsBack
Date Posted: 21 September 2011 at 10:06pm
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The FDIC is pretty good about closing failing banks on Friday and having them reopen on Monday morning, and my money is insured. I'm not too worried about this, frankly. If I were a stockholder, I might feel differently. ------------- BU Engineering 2012 |
Posted By: impulse418
Date Posted: 22 September 2011 at 5:16pm
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http://www.cnbc.com/id/44626413 - http://www.cnbc.com/id/44626413 Holy crap a major network used those words? That is a bit over the top. |
Posted By: impulse418
Date Posted: 01 November 2011 at 12:12am
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http://www.nypost.com/p/news/business/with_frantic_sales_talks_failing_tiO1ERdMp7SN1PnC7UC54N - http://www.nypost.com/p/news/business/with_frantic_sales_talks_failing_tiO1ERdMp7SN1PnC7UC54N http://blogs.wsj.com/deals/2011/10/31/mf-global-likely-among-the-10-biggest-bankruptcies-ever/ - http://blogs.wsj.com/deals/2011/10/31/mf-global-likely-among-the-10-biggest-bankruptcies-ever/ Figured there was no need for a new thread. |
Posted By: impulse418
Date Posted: 01 November 2011 at 1:50am
| http://dealbook.nytimes.com/2011/10/31/regulators-investigating-mf-global/ - http://dealbook.nytimes.com/2011/10/31/regulators-investigating-mf-global/ |
Posted By: mbro
Date Posted: 01 November 2011 at 3:21am
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Don't blame me, I voted for Kodos. |
Posted By: impulse418
Date Posted: 01 November 2011 at 7:48pm
| http://finance.yahoo.com/news/Greek-vote-proposal-apf-2714136735.html?x=0 - http://finance.yahoo.com/news/Greek-vote-proposal-apf-2714136735.html?x=0 |
Posted By: impulse418
Date Posted: 09 November 2011 at 10:26am
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http://beta.finance.yahoo.com/news/uncertainty-over-italys-future-slams-105718047.html - http://beta.finance.yahoo.com/news/uncertainty-over-italys-future-slams-105718047.html |
Posted By: impulse418
Date Posted: 30 November 2011 at 11:30am
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http://money.cnn.com/2011/11/30/news/economy/fed_ecb_dollar_liquidity/index.htm?hpt=hp_t2 - http://money.cnn.com/2011/11/30/news/economy/fed_ecb_dollar_liquidity/index.htm?hpt=hp_t2 http://theweek.com/article/index/221883/the-federal-reserves-breathtaking-77-trillion-bank-bailout - http://theweek.com/article/index/221883/the-federal-reserves-breathtaking-77-trillion-bank-bailout http://projects.propublica.org/bailout/main/timeline - http://projects.propublica.org/bailout/main/timeline |
Posted By: God
Date Posted: 30 November 2011 at 6:59pm
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congrats. You and your buddy FE are the two distingished members of this board to have 2 hat tricks on the same page.
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Posted By: choopie911
Date Posted: 30 November 2011 at 7:02pm
| Hey impulse can you please post 12 more posts with some more links? That would be great. |