Sen. Warren going after Yellen over 'too big to fail' JP Morgan

Discussion in 'Markets & Economies' started by finicky, Jul 18, 2014.

  1. finicky

    finicky Well-Known Member Silver Stacker

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    Yellen obfuscating as Warren goes after her as to the preparedness for an orderly and fast liquidation of JP Morgan should it be failing.

    [youtube]http://www.youtube.com/watch?v=XYw0xYFBnn8[/youtube]
     
    finicky, Jul 18, 2014
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  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    Love Ms Warren. One smart woman.
     
    JulieW, Jul 18, 2014
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  3. TheEnd

    TheEnd Well-Known Member

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    Nice one Ms Warren.....Get stuck into Yellen!
     
    TheEnd, Jul 18, 2014
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    note the bottled water promo :D
     
    mmm....shiney!, Jul 18, 2014
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  5. Old Codger

    Old Codger Active Member Silver Stacker

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    Trouble with letting a HUGE bank to go under is that where do you draw the line?

    Of the top 10 banks in the US, I would expect that 6 or 7 or more are actually insolvent. Same goes for Euro banks etc. (etc etc etc etc)

    Saving one and letting another 6 crash would be a disaster for any economy.

    ...and Warren is just another brain washed lefty, intelligent but brainwashed.


    JMO



    OC
     
    Old Codger, Jul 18, 2014
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  6. col0016

    col0016 Active Member

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    OC I think that's why she was saying the fed can force the banks to sell assets and simplify their structure. So that they're smaller and won't take down the economy by being able to quickly liquidate assets.

    She may be a lefty, but she is very intelligent. I prefer her social welfare ideals to the majorities corporate welfare ones in politics.
     
    col0016, Jul 19, 2014
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  7. PMS

    PMS New Member

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    To be the head of The Fed the prerequisite is you must be brain dead!
     
    PMS, Jul 20, 2014
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