U.S. banks told to make plans for preventing collapse

BoyRacer · **Joined:** Jul 26, 2009 **Posts:** 10091

U.S. banks told to make plans for preventing collapse -> http://www.reuters.com/article/2012/08/ ... 5N20120810

Quote:

(Reuters) - U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

there is more

Open Window · **Joined:** Jan 1, 1970 **Posts:** 18129

Meanwhile over in Ireland we've dispensed with the need for Banks and are securely headed to a cashless society! 8DD

lord vader · **Joined:** Jul 6, 2006 **Posts:** 1963

BoyRacer wrote:

U.S. banks told to make plans for preventing collapse -> http://www.reuters.com/article/2012/08/ ... 5N20120810

Quote:

(Reuters) - U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

there is more

thats a load of BS. The banks own the government. Jamie and Lloyd call the shots. this is just to keep the sheeple happy

U.S. banks told to make plans for preventing collapse

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