Emergency meetings, banker summits, crashing European banks, and the worst bank reports since the Great Recession

  • metta

    Posts: 39099

    Apr 18, 2016 1:29 AM GMT
    Emergency meetings, banker summits, crashing European banks, and the worst bank reports since the Great Recession

    http://monetarywatch.com/2016/04/what-in-the-world-is-going-on-with-banks-this-week-emergency-meetings-banker-summits-crashing-european-banks-and-the-worst-bank-reports-since-the-great-recession/
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    Apr 19, 2016 6:07 AM GMT
    And the "too big to fail" banks are now even bigger.

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    Apr 19, 2016 10:30 AM GMT
    "For security reasons, the president and vice president don’t regularly attend the same events. There are, of course, many planning sessions or emergency meetings where they do get together, but not with the head of the Federal Reserve. Emergency meetings where the VP is included in the planning session would include situations related to dire national security in case the VP winds up having to take over."

    Sounds like a lot of speculative nonsense. If the meeting were a matter of "dire national security" then presumably its very existence would have been kept under wraps (White House Situation Room with Fed Chair on conference call).

    This is a bit like one of those "Crisis at the White House" type reports, sparked by some reporter walking home from a party, seeing the lights on at the White House at 3am and Tweeting the fact. In reality, it's just the maintenance guys changing a light fitting.
  • roadbikeRob

    Posts: 14335

    Apr 19, 2016 6:34 PM GMT
    desertmuscl saidAnd the "too big to fail" banks are now even bigger.

    Yeah, KeyCorp, parent of KeyBank N.A. recently bought First Niagara Bank which means many job cuts in the Buffalo Metropolitan Areaicon_sad.gif
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    Apr 19, 2016 6:40 PM GMT
    "The trouble with socialism is that eventually you run out of other people's money." - Baroness Margaret Thatcher.