Home > Alaska > 5 Top Banks on the verge of failing: Where’s Treasury Secretary Timonthy Geithner

5 Top Banks on the verge of failing: Where’s Treasury Secretary Timonthy Geithner


Obama's Economy: Let him own it..

Obama’s Economy: Let him own it..

This was just out yesterday, of course, Fox Business is the only one reporting this.

All of the 5 big banks in American, and globally overall 19 world banks, are failing in their asset and risk management practices, according to Mr. Weinberg.

Mr. Weinberg, the board of directors of some oversight committee said, these banks “need to be broken up”. His views are these banks are not to big to fail and still make lousy risky management decisions that can fail, and most likely will fail, but these banks are not worried for one simple reason, they will get bailed out again if they foul up.

Even after the Dodd Frank bill has passed giving federal regulators oversight, along with 10K plus new regulations are not equipped to handle this huge looming disaster. Not to mention these regulators are in with the banks lobbyist.

So do you think the banks will get bailed out if they crash? History has proven they will for fear of an economic collapse.

Advertisements
Categories: Alaska

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: