News

**Whore** lop guest User ID: 104101 08-10-2012 10:22 AM

Must be worried.

http://www.reuters.com/article/2012/08/1...5N20120810

**Luvapottamus**

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

(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.

Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis.

According to documents obtained by Reuters, the Federal Reserve and the U.S. Office of the Comptroller of the Currency first directed five banks - which also include Citigroup Inc,, Morgan Stanley and JPMorgan Chase & Co - to come up with these "recovery plans" in May 2010.

They told banks to consider drastic efforts to prevent failure in times of distress, including selling off businesses, finding other funding sources if regular borrowing markets shut them out, and reducing risk. The plans must be feasible to execute within three to six months, and banks were to "make no assumption of extraordinary support from the public sector," according to the documents.

Spokespeople for the five banks declined to comment. The Federal Reserve also declined to comment...

http://www.reuters.com/article/2012/08/1...5N20120810

Innovative!

Wished they'd told them that in 2007.

[/sarc]

**GreenAQ** · **GreenAQ** Livin' a dream User ID: 113375 08-10-2012 10:28 AM **Posts: 9,786**

**LoP Guest** lop guest User ID: 113800 08-10-2012 10:44 AM

Time for panic gay sex! Anon

**daisy** lop guest User ID: 48475 08-10-2012 01:58 PM

if the money/banking system is heating up... it must man something else is also in the works...

distractions, distractions.

Hiding3

**Bob**

Let them fail, they should be responsible for their own actions.

**Kanigo2** lop guest User ID: 97971 08-10-2012 02:14 PM

Questions:

Is it all just a Government plan to Prepare the populace to learn to live at near poverty levels over an extended period of time, well before the real crash happens?

Do they actually believe that they are helping prepare us?

**Missy**

rut roh

**FaFaFooey** · (This post was last modified: 08-10-2012 03:06 PM by FaFaFooey.)

I'll log in for a pin request

report abuse and put " pin request" in

**LoP Guest** lop guest User ID: 113832 08-10-2012 03:13 PM

aug.8 2012
http://www.youtube.com/watch?v=fJbONHiKh...r_embedded

**LoP Guest** lop guest User ID: 113847 08-10-2012 04:08 PM

Malpractice Wrote:

Let them fail, they should be responsible for their own actions.

Had they done that in the first place, the economy would have recovered 2 years ago.

**LoP Guest** lop guest User ID: 106826 08-10-2012 04:09 PM

LoP Guest Wrote:

Malpractice Wrote:
Let them fail, they should be responsible for their own actions.

Had they done that in the first place, the economy would have recovered 2 years ago.

^ This

**NightHelix** lop guest User ID: 97796 08-10-2012 04:11 PM

"Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis."

chuckle

**Twatwaffle** lop guest User ID: 113854 08-10-2012 04:27 PM

What is particularly humorous is that these plans deal with ORDERLY liquidations only-- not disorderly, systemic collapse scenarios we are used to war-gaming here. But this reporting it propaganda and public relations spin, not a sign of impending doom. It's a bad joke.

Risk managers create and maintain crisis management plans as a matter of course to maximize survivability probabilities.

JPM's "orderly" liquidation plan: http://www.law.harvard.edu/programs/abou...e/baer.pdf

**JF Priest** · **JF Priest** Subscriber User ID: 47416 08-10-2012 04:28 PM **Posts: 24,028**

Lock and Load....