Do it
like the USA!
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According to
latest information, the US tax authorities have declared in a secret
workshop of representatives of the EU, how to close a bank overnight,
if it is broke. Before the announcement of the ECB stress tests,
nervousness increases in the EU and the Member States: Apparently,
several banks from the ECB's perspective will not be able to survive.
If they can not be transferred quickly to a competitor, there will
be threatening bank runs.
Between
representatives of the EU and the United States Deposit Insurance
Fund, Federal Deposit Insurance Corporation (FDIC) are practiced
secret bank closures overnight. The United States had handled more
than 500 banks during the financial crisis. Close to an ailing bank
is almost a 'cloak and dagger operation', because this must be done
within a very short time.
From November, the ECB will take over the banking
supervision. For this purpose, a unified processing mechanism is
established, which includes a process for closure of banks in the
euro zone.
In the
stress test of the ECB, allegedly 25 banks have not been able to meet
the capital requirements of the ECB. That's amazing: Because the
stress test has been applied rather harmless and certain risks were
not considered.
Source:
The
technical "assistance" by the US authorities is not
accidental, as they have good experience in closing competitors and
make Too Big To Fail (TBTF) monsters ... even bigger! According to
chapter 20 conclusions of the US Financial Crisis Inquiry Commission:
“As a result of the rescues and
consolidation of financial institutions through failures and mergers
during the crisis, the U.S. financial sector is now more concentrated
than ever in the hands of a few very large, systemically significant
institutions.”
(http://failedevolution.blogspot.gr/2013/11/official-financial-crises-favor-banking.html)
TBTFs secure
their dominance through ECB's increased power, started two years ago:
http://failedevolution.blogspot.gr/2012/09/lea-jacta-est-by-emperor-draghi.html But also,
decisions like the one concerning “bail ins”, could be turned to
a useful tool for TBTFs according to various scenarios:
http://failedevolution.blogspot.gr/2013/07/why-banksters-laugh-with-recent-ecofins.html
Furthermore,
banksters promote additional financial deregulation on both sides of
the Atlantic, using also TTIP agreement: "...
the EU suggests a number of mechanisms that will both scale back
existing regulation, and prevent future regulation that might
contradict the interests of financial corporations from both sides of
the Atlantic. The leak follows news that EU negotiators have
increased political pressure on the US to accept negotiations on
'financial regulatory cooperation', which the US negotiators have so
far refused.”
(http://failedevolution.blogspot.gr/2014/07/leaked-banksters-promote-further.html)
Obviously,
the TBTF banks strengthen further their position inside the eurozone,
also with the help of the ECB this time. These "tests" are
clearly focused on how they could eliminate competitors in a
potential general banking crisis inside the eurozone.
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