- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Would We Have Been Better Off If The Gov't Let The Banks Bottom Out, Not Bailing Em Out?
Posted on 5/16/17 at 10:28 am to Alltheway Tigers!
Posted on 5/16/17 at 10:28 am to Alltheway Tigers!
LINK
Look where it was in 2008
quote:
The pace of commercial and industrial loan growth has slowed to its weakest pace in nearly six years, according to Federal Reserve data, adding to worries about economic growth and whether the rally in bank stocks since the election is justified.
Commercial and industrial loan growth rose at its weakest pace since July 2011, at $58.1 billion year over year through the week of April 5, according to the Fed.
Look where it was in 2008
quote:
Now loans are showing more reason for real concern about the economy, and an industry dependent on that growth — banking.
Major bank reports on loan growth confirmed the sluggish pace in the last week. JPMorgan Chase said its commercial and industrial loans grew 8 percent in the first quarter from the same quarter last year, unchanged from the fourth quarter of 2016.
Bank of America reported a 0.57 percent year-over-year increase in total loans and leases in the first quarter, down 0.05 percent from the fourth quarter of 2016. Citi said in the first quarter that total loans rose 2 percent year on year, and 1 percent from the fourth quarter of 2016.
This post was edited on 5/16/17 at 10:30 am
1
Posted on 5/16/17 at 10:34 am to tgrbaitn08
My company's bank rep feels that we are destined to repeat the 2008 crisis because of his opinion that banks should not include both investment banking and traditional deposit services within the same bank. Basically saying that they are gambling John Doe's money at the risk of another bubble developing.
I finally watched The Big Short recently and that was a bit disturbing.
All of my parent's retirement is held by Wells Fargo. Given that I don't understand all of the finer details, should they consider splitting the Wells Fargo retirement into multiple banks? Or does it not really matter since a financial system collapse without government bailout is the only way that the money would completely disappear?
I finally watched The Big Short recently and that was a bit disturbing.
All of my parent's retirement is held by Wells Fargo. Given that I don't understand all of the finer details, should they consider splitting the Wells Fargo retirement into multiple banks? Or does it not really matter since a financial system collapse without government bailout is the only way that the money would completely disappear?
Posted on 5/16/17 at 10:35 am to TigerFanInSouthland
YES
Posted on 5/16/17 at 10:37 am to TigerFanInSouthland
Same with Auto Industry, would have allowed them to write new contracts instead of folks sitting at Union halls still getting paid!
Posted on 5/16/17 at 10:37 am to tgrbaitn08
Government is making more money off of Student Loans than the Bank / Auto Bailout combined.
Posted on 5/16/17 at 10:38 am to TigerFanInSouthland
the banking industry is the biggest shite show we have going, but I don't think you can really point out any industry that hasn't gone the shitter as a result of deregulation
Posted on 5/16/17 at 10:38 am to 50_Tiger
this is True 50 !
Posted on 5/16/17 at 10:40 am to 777Tiger
Gov't interference is the best way to frick up private commerce!
Posted on 5/16/17 at 10:40 am to Dave lsu 89
Had to throw that in there since this is a debate about if we should/shouldn't of helped industries. Frick those shitty students though.
Posted on 5/16/17 at 10:44 am to litenin
quote:
All of my parent's retirement is held by Wells Fargo. Given that I don't understand all of the finer details, should they consider splitting the Wells Fargo retirement into multiple banks? Or does it not really matter since a financial system collapse without government bailout is the only way that the money would completely disappear?
not sure, I have money with UBS, Fidelity, and a single Hedge Fund...not on purpose thats just the way we have it spread out right now.
Posted on 5/16/17 at 5:12 pm to TigerFanInSouthland
quote:
Wait, so you mean to tell me that Barney Frank wasn't a key proponent for the banks to lend money to people that could never afford to pay it back so they all defaulted?
No, that's exactly the opposite of what I said. People defaulting wasn't what caused such a huge crisis. The economy can stand a higher percentage of people defaulting on loans, within reasonable limits. The default rate really didn't even get all that crazily high, even though it was higher than normal.
What caused the crisis to be so serious was the securitization of those mortgages, crooked ratings firms giving those securities ridiculously high ratings without even looking at them closely and financial firms putting hundreds of billions of dollars of people's money into them, all while investment banks were using their own money to bet against their clients' investments.
Page 5 of 5
Popular
Back to top
Follow TigerDroppings for LSU Football News