Fed: Big Bank Capital Plans are Sufficient
Submitted by
CalculatedRisk on Mon, 06/08/2009 - 1:48pm (66 comments)
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Too bad we are already past the more-adverse scenario.
...And all the children were above average.
Capt. Renault was here.
TPTF
Too Pig To Fail
RD - The Schwarz issued an executive order today - stopping any contracts for goods and services.... You can probably pick up some more inventories on the cheap now since CA wont be buying them...
Thread music: Desperate But Not Serious.
Free market capitalism is a danger to democracy and destroys it.
Also, "Communism" was a capitalist hoax. The Soviet Union was a creation of Wall Street finance and capitalist lust for profit. No surprise they took off in Asia, where people are used to being ruled brutally.
Read Suttons "Wall Street and the Bolshevick Revolution". Sickening. Libertarianism: Marxism of the right.
Nothing is happening unless screaming is involved.
Has anyone heard any screaming from bank headquarters?
Hey the banks are fixed, so now is the time to buy a new car, a big screen TV and buy a home before I get priced out of the market.
Man am I glad that mess is all over, had me worried there for a few minutes.
Rob Dawg, I love Adam Ant. Great song and I have it on my ipod.
well at least now we know what leaked piece of info the markets rallied on.
They are papering over the rotten woodwork as fast as they can ...
OT- Pavel, it's my impression that the publisher just has to work out terms with Kindle. Digitizing doesn't cost much.
Has anyone heard any screaming from bank headquarters?
I've heard no screaming from Jas or Sebastion.
Things must be okay.
The FED will go into Bondage for the remainder of the week.
Advertisers have been more-adverse to advertise, and advertising keeps the maim stream media machine going, it's lifeblood.
You know, I have been waiting to start investing in banks, and this announcement is just what I needed to hear to shore up my confidence.
Whew! Looks like banks can get back to the business of issuing bonuses.
I can't wait for the prosperity to trickle down!
Welcome to the new economy ...
Same as the old economy ...
Just U6 at 25% ...
GDP @ +/- 0% ...
for years and years
Banksters in control ...
Can you just imagine all the nudge nudge wink winkery going on @ the FED nowadays?
This stuff is so badly scammed now that this isn't even news.
westsac_grrl - you are correct now we know what was leaked at 3pm ET.
Good times market. Confidence restored. Now go shop.
The dealers who are to be shuttered are selling at firesale prices. On local news, people who came in for an oil change or such, left with a car, having been given an offer they literally couldn't refuse. they were very happy deflationistas.
OT-
Sell San Quentin prison? Inmates don't want to go
Yahoo! 404 - Page Not Found
"The prison is unique," said Vinny Nguyen, 31, who is serving 25 years to life for murder. "We're surrounded by a lot of universities, and we get a lot of help and contact from the outside. It makes us want to be positive. That would all be destroyed along with San Quentin."
I'll show you something positive....like trolling your ass behind my boston whaler after cutting you behind the knees to create a nice blood chum line around the Farallon Islands.. Hey Mr Whitey, its meal time!!! Great White Shark Cage Diving - Great White Adventures - Photo Gallery
my new campaign "feed the fish since we eat so much of them"
Bad Nemo. You know a newbie might read that and actually think you meant it.
"Free market capitalism is a danger to democracy and destroys it. "
It's doable as long as too much money isn't concentrated in too few hands.
But absent gov't regulation, that's always the endgame, isn't it. Gov't regulatory efforts have been weakened to near irrelevance.
Eventually comes collapse or revolution. But in a settled, ordered society like this one I can hope for a pantomime or kabuki revolution -- instead of having to bring down the house, you only have to show that you're ready to. And then reform takes place. And in hindsight nobody calls it revolution.
That worked in Rome too, Dobbs, until it didn't.
Then the country started to outsource its production and push "free trade" by the economic liberals so the capitalists could get a "better deal". It was a fraud on all levels and treason among the capitalists.
Error's End,
Outsourcing is the natural result of inflation and ponzi credit. Too much extractive debt makes our fixed costs too high to be competitive in the majority of industries.
Krugman's "solution" of preserving the non-economic debts will only make matters worse.
FDR started the nanny state. Nixon, Reagan and Bush II took it to a new level. Obama appears to be a record setter.
Ponzi debt must end.
Could CA actually eliminate welfare? What a concept - I would expect a giant exodus to wherever the next best welfare haven is...
California contemplates ultimate reform - no welfare | McClatchy
lawyerliz (profile) wrote
That worked in Rome too, Dobbs, until it didn't.
Nothing lasts forever, except human nature.
lawyerliz -
Bad Nemo. You know a newbie might read that and actually think you meant it.
I usually find people rarely follow good advice and do what ever they think will make them happy or provide super duper windfalls.
But then again, with the TBTF banks, what risk is there with the USG already making them blessed and impervious to failure?
I see more potential for a revolt, than a revolution.
"would provide sufficient capital to meet the required buffer under the assessment's more-adverse scenario."
Hmmmmm....I sense a buffer overflow coming soon....
TI raises estimates...
$200M was spent making "Land of the Lost."
paying people to dig holes and then refill them would have been more productive use of the money.
ShadowInventory -
Could CA actually eliminate welfare? What a concept -
Gee, hopefully they will stop giving them one way tickets to Hawaii.
But if you think about it, at least the weather will not freeze you to a pop cycle.
You went to see that?
I saw the trailer. I did not want to see the trailer a 2nd time.
What about the more adverse, adverse scenario? You know, reality.
Last thread, FD: "but doubt 5% of personal properrty is now still old kings grant"
Of course I should have said 'most real property in the US traces its title to the Kings of England, France, Spain, and I believe the States-General of Holland' (underrated model for US democracy). The other 95% that you refer to still "legally" derives from the grants of 300-400 years ago, and can even be documented.
The point was (and your reference to families still wealthy after all the democratic taxes and contributions to public causes reinforces it) that we didn't start with a free market, and we never corrected the imbalances of the old (probably would have been counterproductive), so to allow one now would not be the "survival of the fittest in a fair fight" system that most proponents claim.
"Fed: Big Bank Capital Plans are Sufficient"
Asked to define sufficient, a Fed Orficial (sp) said, on condition of anonymity, as he feared for what remained of his dignity, "Well...you've heard the phrase "good enough for government work?". Well, kinda like that...only a little less rigorous."
"TI raises estimates... "
But will they hit them???
"in shock" at the very idea of getting rid of CalWORKs, which has been widely viewed as one of the most successful social programs in the state's history.
What yard stick are they using for this?
I am truly loosing touch with any sense of what I used to think was reality.
$200M was spent making "Land of the Lost."
The trailer is a better experience than the movie except for the closing credits which are amazingly discordant and creepy. The music is dark & dramatic, the scenes are stark and serious but a fricking banjo keeps plucking a happy tune in parallel.
For decades I always said that CA should drop their welfare programs to at least the national median to stop attracting the recipients to the state... I never thought that it was politically feasible to get rid of it altogether, although that would be the best thing... I bet we would find out that a lot of the recipients wouldnt leave anyway because they have other income that is hidden...
Just trying to be the realist in this den of bears...
Killing welfare might make people move, but not after they survive by stealing and robbing all their neighbors - this while law enforcement is cut back and prisons letting out convicts.
Good idea?
I saw the trailer. I did not want to see the trailer a 2nd time.
No. I had the same reaction you did to the trailer. plus, i grew out of will ferrell when ron burgundy became a soccer coach, nascar driver, figure skater, etc. Hell, I didn't even know there was a tv series.
" which has been widely viewed as one of the most successful social programs in the state's history.
What yard stick are they using for this?
I am truly loosing touch with any sense of what I used to think was reality. "
Remember that realtor Jim video, that showed the backyard via wide angle lens......
Angry Saver
"Then the country started to outsource its production and push "free trade" by the economic liberals so the capitalists could get a "better deal". It was a fraud on all levels and treason among the capitalists.
Error's End,
Outsourcing is the natural result of inflation and ponzi credit. Too much extractive debt makes our fixed costs too high to be competitive in the majority of industries.
Krugman's "solution" of preserving the non-economic debts will only make matters worse.
FDR started the nanny state. Nixon, Reagan and Bush II took it to a new level. Obama appears to be a record setter.
Ponzi debt must end."
~~~~~
Exactly correct but it won't with these thieves in charge ...
We need "Greenbacks" ... debt free money, produced, underwritten, by and for the People of the United States ...
"UP" is a great movie...."The Hangover" is decent, the ending is kinda weak
Movies costing 1/5th of a billion dollars could have only been greenlighted a year or 2 ago...
A huge fraction of Florida came to the State because it was swamp and overflowed lands.
In South Fla, a guy by the name of Bolles, who lived out west, got mucho mucho acres. I've always wondered who he was and how he came to own so much of S. Fla. 'Course it was
swamp then, and no a/c, but still. . . . .
Seb hasn't been heard from in ages, and Jas has been missing for a week or 2.
Both movies were sellouts and the theatre and surronding businesses were packed (last two saturdays)....just saying
c&c,
"Just trying to be the realist in this den of bears... "
Bwahahahahahahahhahahahhahhahahahahahhahahahahahahahahahahahahahahahaha!
LOL!
Just trying to break us back from the ledge.
Really liked Up. Said so already.
Star Trek was good.
Crispy, actually I think you're just trying to be annoying. But I digress.
c&c-how goes bakersfield housing? Don't you think it's easy to watch a movie with all the fixings when patrons haven't made a payment on thier home in 15 months....
have all submitted capital plans that, if implemented, would provide sufficient capital
This doesn't read like the banks are all going to be let off the hook quickly.
we will be working with the institutions...Supervisors also continue to work
BH, should I bother to go to the theater just for the closing credits? I'm a big fan of the absurd.
Your efforts are appreciated.
Sorry, very end of last thread...
lost-confused (profile) wrote on Mon, 6/8/2009 - 3:19 pm
OT/ RANT
what is wrong with us?
As a baby boomer, I grew up with the possibility of nuclear destruction! Now, we can not survive without our IPHONE or our GPS?
Grow up America, life has always been on the edge of destruction...Others have always attempted to destroy our political and economic system since this Republic was formed...
You are lying to yourself and others have lied to you that if you trust us, you will be safe...
Its all one big delusion...., no none knows the future and know one can be totally safe, which the current and past administrations have offered in exchange for your rights and freedoms...And this is coming from a liberal!!!
Reagan pushed the nanny state to new levels? Every President after Washington was a wide-eyed socialist.
Who cares about double digits unemployment as long as Goldman, Bank of Amerika, Google, Rimm, and Apple are making record profits. Employment is waaaay overrated. Who needs jobs as long as the stock market keeps going up? Lets just keep buying stocks. As long as the new world order can solidly thier power and the middle class dissolves, all will be well. yay I love jobless recoveries and 4 dollar gas.
good read, folks interesting finance articles
I doubt the state will do that. A hungry angry desperate and armed populace might well basically turn the state into a shore to shore riot that would require federal intervention to control -
Rather that poor flight (poor people have little money) your quality people -- white, asian and every other nationality will flee and when when its over you've just ceded a good chunk of the state to La Eme or worse
if the states luck really runs out a whole bunch of people may pay a little visit to Sac guns in hand or that whole riots are us could touch off something very bad and very national
The state might try this to force federal aid but push to shove they'll keep welfare
best case scenario if they do this is a collapse of the prison system, a big spike in crime and I can guarantee every poor person will vote next election