Trump's Bank Deregulation of the Dodd- Frank act ....

  • Thread starter Thread starter Diary of a Axeman
  • Start date Start date
This is last week’s news. All the outrage porn outlets have already moved on. That should tell you how important it was.
 
JAd6WPs.jpeg
 

​

The Fed Passes the Buck on Bank Failures​

On March 28, Michael Barr, Federal Reserve Board Vice Chair for Supervision, testified at a Senate Banking, Housing and Urban Affairs Committee hearing regarding three bank failures.

The Fed refused to accept any blame for the recent events.

The Wall Street Journal accurately comments The Fed Passes the Buck on Bank Failures:

One certainty in politics is that the Federal Reserve will never accept responsibility for any financial problem
Click to expand...

https://www.globalresearch.ca/fed-refuses-any-blame-including-its-no-stress-stress-test/5814366
 

JPMorgan Chase Acquires First Republic Bank with FDIC Backstopping Deal While Ignoring Current Banking Laws​


The topline story from the announcement by JPMorgan Chase [SEE HERE] there are no banking rules/laws in the Biden Fed/Treasury system.​



The Dodd-Frank laws are still on the books, but the FDIC decision to insure all deposits, regardless of size, now means those laws, rules and regulations are not required to be followed. Additionally, as a result of JPMorgan gaining another $100+/- billion in deposit assets, the law(s) surrounding the 10% U.S. deposit maximum, within too big to fail banks, no longer exists. Noted in the announcement, “JPMorgan Chase is assuming all deposits – insured and uninsured.”

JPMorgan is also assuming assets consisting of $173 billion in loans and approximately $30 billion in securities. The FDIC is going to assume risk (with a risk sharing agreement) for current First Republic Bank mortgage and commercial loans acquired by JPMorgan, guaranteeing JPMorgan a 5-year fed fixed rate on $50 billion in mortgage bonds.

The Federal Deposit Insurance Corporation (FDIC) rule requiring the holding of 1.5% of deposits for all depositors up to $250k in all institutions is now essentially moot. If the FDIC is guaranteeing all deposits, there’s no way for the insurance corporation to capture or hold $1.5% of all banking deposits. The law is in conflict with the outcome action of the Fed/Treasury and ultimately the FDIC, ergo the law is nulled by the ignoring of it.

Mohamed El-Erian gives his take below, but seemingly missed the part of the announcement where JPMorgan states, “no systemic risk exception was required” in the deal. This means the FDIC is completely free-range with the agreement, they are not even trying to justify why they would make a too big to fail bank even bigger. WATCH:




.

The only reason the FDIC violated its own rules and banking regulations, was because the FDIC didn’t, likely -almost certainly- couldn’t, take the financial hit from a full takeover of First Republic Bank against the backdrop of the prior terms for Silicon Valley Bank (SVB).

When the FDIC made the (SVB) decision to guarantee all deposits regardless of size, they put themselves in a position of an insurance declaration they could never fulfill. The FDIC cannot structurally guarantee all of the First Republic Bank (FRB) deposits; they need a structure to avoid the government regulators absorbing the bank. This reality is also why the FDIC violated their own laws, rules and regulations in allowing JPM to exceed the legal U.S. deposits maximum.

In essence, what the FDIC is saying is they cannot maintain the premise of their charter without the big banks helping them. The biggest banks now control all of the leverage, with JPMorgan Chase and Jamie Dimon now controlling more financial power than the government that is supposed to regulate them.

FUBAR… All of it. Everything Biden touches turns to shit.

This is going to be a major hot mess now for Main Street investment and borrowing needs. The economy is going to feel the ramifications of this in less financing available to maintain domestic investment.

Last point. Look at the big picture, there’s no intervention protocol the legislative branch can trigger as a security against the reckless decisions of the FDIC (Fed and Treasury), without creating even bigger issues that could collapse the banking system. If the legislative branch forced the FDIC to follow the laws currently on the books, the domino of banks starts to collapse.

https://theconservativetreehouse.co...current-banking-laws/comment-page-1/#comments
Click to expand...
 
ccn said:
OMG , a Brian Tyler Cohen video LOLLLLLLLLLLLL

Who to trust , a man who had the best economy in the last 60 years as President or a die hard Trump hater who releases video after video bashing Trump for a living .
Click to expand...
How can you say he had the best economy when he let Covid run rampant ("It'll be over once the weather warms up") and CRASHED the economy.
 

Banking Collapse of 2023 Is Officially Bigger Than 2008 Collapse – Media Blackout​


The banking collapse of 2023 is now officially bigger than the banking collapse of 2008, the only difference is mainstream media is doing everything it can to protect the hapless Biden administration and limit the public relations disaster before the 2024 election.

The combined assets of the three major banks that failed in 2023 surpass the total assets of the 25 banks that collapsed in 2008. Regrettably, we are still in the very early chapters of this crisis, with several other banks currently on the brink of collapse, and there are still eight months left in the year.



https://thepeoplesvoice.tv/banking-...lly-bigger-than-2008-collapse-media-blackout/
 
It amuses me, so many get so protective and angry about their side when it’s one side and they’re fucking US.
 
ccn said:
DemNuts is trying to get people to think he's reasonable by quoting Axe murderer which is DemNuts other personality .
Click to expand...
Wow, just like the Dems wanted to stop the 2022 Mid Term Election..... that one prediction of your was a serious backfire .
May as well Live Streaming yourself attempting to do 2000 sit ups after eating a box of explosive laxatives 🖕💩👍
 
You must log in or register to reply here.
Back
Top