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2014-10-12 -Signs, Portents, and the Weather-

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Posted by Pappy 2014-10-12 00:00|| || Front Page|| [11128 views ] Top

#1 War gaming is understandable but why tell us? Surely they have existing contingency plans.

Also notice they said "when the next big bank"(s?) fails not "if".

Black Swan coming.

Posted by BrerRabbit 2014-10-12 08:01|| 2014-10-12 08:01|| Front Page Top

#2 Seems like the "testing" has been going on for some years now (sarc).

Posted by JohnQC 2014-10-12 10:03|| 2014-10-12 10:03|| Front Page Top

#3 They have told them to write plans that lay out how they can go through ordinary bankruptcy. The plans are so-called living wills.

Sort of like the GM Bankruptcy ? Hey Brother, can you loan me $50 Billion until I can get back on my feet? In the case of large banks try Trillions.

Posted by Herb Untervehr9087 2014-10-12 12:11|| 2014-10-12 12:11|| Front Page Top

#4 Still?

Posted by swksvolFF 2014-10-12 14:42|| 2014-10-12 14:42|| Front Page Top

#5 This is more testing how Treasury and FDIC will handle the demise of a large bank and the ripples it sends thru the financial system. Especially with brokerages intertwined with banks these days, it could damage the stock markets, and credit markets, which would slam to a halt any economic growth.

Posted by OldSpook 2014-10-12 15:35|| 2014-10-12 15:35|| Front Page Top

#6 That's an easy one- get governments to make them lend money to people who can't pay them back.

Posted by Grunter 2014-10-12 15:44|| 2014-10-12 15:44|| Front Page Top

#7 "We are using these laws and regulations over the financial district in order to show you what not to do."

Posted by swksvolFF 2014-10-12 15:47|| 2014-10-12 15:47|| Front Page Top

#8 Then get the person whose bright idea this all was to investigate the ensuing catastrophe. It's all good.

Posted by Grunter 2014-10-12 15:47|| 2014-10-12 15:47|| Front Page Top

#9 The entity in question? Possibly JPMorgan/Chase-Bank.

Posted by OldSpook 2014-10-12 18:36|| 2014-10-12 18:36|| Front Page Top

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