Comments on: The crackdown on bank misbehavior masks a troubling reality http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/ Fri, 30 May 2014 19:54:25 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: CharlesMalloy http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-625 Mon, 26 Aug 2013 17:06:08 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-625 ” Pop goes the weasel ! “

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By: 2Borknot2B http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-620 Thu, 22 Aug 2013 15:35:10 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-620 Obviously, we will have another financial “crisis.” That is why the system is set up this way. The next time the World Bank/IMF/FR system or other shadow workers need to harvest America, presto! If the money markets or banks intended to have consumer protections in place, they would be in place. Consumer protections make it harder to harvest the investors capital at will.

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By: PerKurowski http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-614 Thu, 15 Aug 2013 22:50:40 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-614 One simple capital requirement, in my opinion 8 percent of tangible equity to assets ratio, such as the one Thomas M. Hoenig of the FDIC is proposing would do more good than the wholeDodd-Frank Act. In fact any other type of micromanagement would only constitute an expression of regulatory hubris. Throw all risk-weighting out! It distorts all allocation of bank credit in the real economy

http://subprimeregulations.blogspot.com/ 2013/08/the-convenient-myth-which-suppor ts.html

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By: tmc http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-612 Sat, 10 Aug 2013 14:18:21 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-612 Re-instating Glass-Steagal will never happen. It’s just not done. Any new legislation coming close to it will be watered down by lobbies as Dodd-Frank was. Even if it made it thru the gauntlet, the banksters would just create new financial instruments and organizations that it doesn’t cover. So, again, see my comment above on Term Limits and campaign finance reform.

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By: QuietThinker http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-611 Sat, 10 Aug 2013 04:17:44 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-611 Gamblers playing with OPM (Other People’s Money) are gamblers not bankers. That they occasionally cheat and win doesn’t alter that fact. Reinstate Glass-Steagall and let depositor’s money be loaned out to small businesses instead of being gambled on derivatives.

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By: slotowner http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-610 Fri, 09 Aug 2013 23:08:19 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-610 I have a question. If you took a bottom half minor league baseball team w/ an average $75,000 salary & pitted them against a top major team w/ a $5million+ average salary which one do you think would win?

Financial regulators try their hardest but honestly the Fed’s do not attract the top or most aggressive talent. In many ways we have set up failure. The regulators are expected to be outmaneuvered & recent changes have made matters worse in two ways. First, by broadening trading options & merging finance industries we have increase the room for regulators to be out maneuvered. Second, the dramatic increase in regulation has given regulators more low priority work to get tripped up on. In the end, too much time is spent on small time fringe violations at the expense of the Maddoff”s, LTC, & London Whale.

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By: dc.sunsets http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-609 Fri, 09 Aug 2013 22:09:36 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-609 The only people who should be allowed to create credit are producers, and then only temporarily. It’s called the Real Bills Doctrine and until it was deposed by the Era of Central Banking it facilitated trade and robust, honest economic activity.

We’ve lived with the con artistry of the Fractional Reserve system for so long we don’t even recognize it for the criminal enterprise it is.

Not to worry, however. After fomenting the greatest Credit Bubble in recorded history, the eventual denouement will likely discredit central banks and their ilk for centuries to come.

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By: dc.sunsets http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-608 Fri, 09 Aug 2013 22:05:48 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-608 “a functioning economy needs a functioning financial system.”

Agreed. It does not need a banking system, at least one that is one big cartel, headed by a Central Bank, and functioning on fractional (or now zero) reserve lending.

It never made any sense to take saved value (deposits), multiply them by 10 (or more) and then lend out that larger amount (and earn interest on “money” for which there was never any prior value created). This was ALWAYS a fraud, and allowed banks to skim massive amounts of value from the economy over the years. All this did was enrich banks, pull demand forward, create the illusion of wealth via asset inflation and debase everyone’s savings, thus hampering capital formation. Debasing the dollar was Job One for 80 years.

Some ideas are so stupid that it takes PhD’s to believe (and then promulgate) them.

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By: AlkalineState http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-607 Fri, 09 Aug 2013 20:58:14 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-607 Use the China model. Nationalize the banks, any racketeering = death penalty.

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By: tmc http://blogs.reuters.com/bethany-mclean/2013/08/07/the-crackdown-on-bank-misbehavior-masks-a-troubling-reality/#comment-606 Fri, 09 Aug 2013 11:05:19 +0000 http://blogs.reuters.com/bethany-mclean/?p=201#comment-606 There really is a relatively simple way to “fix” the financial services sector. In fact to fix all of the sectors starting with Government itself. Call for a public referendum vote on two things;

1. Term Limits for Congress and SCOTUS (indeed for all public officials)
2. Campaign finance reform.

These two things will forever change the government. If we don’t do them then things may change but generally for the worse, and only for an election cycle or two. As long as the people are complaining only about their favorite brand of graft, waste, abuse etc.. and only offering solutions to those individual issues, then no consensus will ever be reached. We all tend to focus on symptoms, not the actual root problem. We can’t fix 10,000 little problems, we can fix the system so it can though!

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