Bienvenido Macario’s Post

Fri. May 31, 2024 - “No one is above the law.” How ironic. 46:30 PHILIP JAMES BAKER: We've never seen anything like that since 1929 [Music] 46:48 This crisis has changed our world in many long lasting ways. Without the crisis Brexit would not have happened and Donald Trump would not be president of the United States. This is a major turning point you never know what it will be. FROM 2008 TO 2011, 30 MILLION PEOPLE AROUND THE WORLD LOST THEIR JOB. BAILOUTS OF BANKS COST BILLIONS TO GOVERNMENT. AUSTERITY PLANS SPREAD EVERYWHERE. 13:39 - NARRATOR PHILIP JAMES BAKER: Ten years after the financial crisis except iceland how many white-collar criminals are behind bars? Kareem Serageldin from Credit Suisse. He's the only banker of wall street to go to jail related to the crisis he lost just a few million not really a big fish not a true Al Capone. Could you tell me only one big bank top executive name? 14:11 Here are the number of people convicted of crimes linked to the crisis in the U.S. s according to the financial times: 324 people from main street. ZERO Wall Street chief executives have been to prison even though there is today absolutely no doubt that wall street executives and politicians were complicit in creating the crisis. Money, Power, Impunity: The Bankers Who Stole The World | 2008 Bank Crisis & Recession Documentary

"In 2023, the U.S. economy experienced the 2nd, 3rd and 4th largest bank failures in U.S. history. The FDIC shelled out $1 billion last week to allow the takeover of the failing Republic First Bank of Philadelphia, while other, larger banks are threatened with collapse by asset devaluations in the $23 trillion commercial real estate market. In response, the crooks in the Military-Industrial-Financial establishment are demanding hundreds of billions of taxpayer dollars to pay for their wars, to weaken nations -- such as Russia and China -- which refuse to submit to the demands of the Unipolar World Order." #useconomy #usbankfailures #fdic #republicfirstbankofphiladelphia #commercialrealestatemarket #unipolarworld

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It's good that we have a plurality of views about bank capital on Bloomberg Opinion. Here's the editors'>  "Without stronger rules in place, the odds of another financial crisis — and massive bank bailouts — will continue to grow." And here's mine >> Now that the post-2008 capital rules are all (mostly) finally settled, supervision is where the money and effort must be directed https://lnkd.in/eEqPbFKR https://lnkd.in/ej8wJGFs

Run on banks High quantum of withdrawals owing to the fear or insecurity of banks going bust; insolvency rumor; financial mismanagement. Such a condition would induce a liquidity crisis in the financial system. In such a situation, depositors, in a panic mode, start withdrawing funds. Washington Mutual collapse was the largest in history and occurred amidst the housing crisis of 2008. A more recent example of bank run was of the Silicon Valley Bank. These collapses cause economic contraction and instability in the banking system. In 1933, Federal Deposit Insurance Corporation (FDIC) was established so as to reduce the instances of bank run and preserve public confidence and ensure stability of the financial system. These can be mitigated by borrowing money from the Central Bank or other financial institutions. Implementing oversight and regulation also helps in prevention. Share your thoughts in the comments below. Stay connected to explore more on risk management. #liquidityrisk #financialcrisis #banks #financialriskmanagement

Wall Street Journal article from today: "Fed Backpedals on Plan to Increase Big Bank Capital," https://lnkd.in/eRWHCUCn I would be interested in what bankers have to say about these proposed capital requirements for big banks. I'm sympathetic to banks that want to be able to lend freely without a lot of government regulations reducing efficiency. But I'm also sympathetic to the Federal Reserve, whom these banks come crawling to for bailouts when things go bad. I'm a believer in the idea of moral hazard, where bailouts for banks encourages riskier behavior by banks because they don't incur the costs if things go awry.

Panic withdrawals are causing waves of uncertainty, affecting genuine depositors and the stability of our financial sector. The Leaders, the boards of directors , and regulators are tirelessly working to safeguard our banks and our country. We’ve overcome tough times before, and we will again. Let’s stay patient and trust in these efforts together: with a little bit of support from everyone, we can overcome this .. !! #banks #savebanks #depositors