Bank failure(s) - Page 2

Shenders1 · 07-16-2008, 08:13 AM

On a related subject, short of wading through the dense data provided on the FDIC website or purchasing access to one of the for-proft rating services, is there a way to determine an institutions relative exposure to risky mortgages or mortgate-based securities?

Heavy-Dee · 07-16-2008, 08:47 AM

Quote:

Originally Posted by Shenders1

On a related subject, short of wading through the dense data provided on the FDIC website or purchasing access to one of the for-proft rating services, is there a way to determine an institutions relative exposure to risky mortgages or mortgate-based securities?

I was thinking about this this morning as well and I think it's as easy as (if they're a public company) getting their balance sheet and seeing how easily they can cover their debt. IIRC, deposits into, for example, savings accounts are liabilities for banks b/c the "owe" you the money. So keep that in mind. This however wouldn't show you which banks were spending money on healthy activities, vs. bad mortgages for example. Not sure how you'd get at that.

Disclaimer: Not an accountant or CPA for that matter. Just one graduate level accounting course and two undergrad (but that was a long time ago at that...)

oldfogey · 07-16-2008, 09:01 AM

FDIC: Bank Rating Services

The FDIC indicates some sources of bank ratings if you want to check.

BobcatSig · 07-16-2008, 10:33 AM

Quote:

Originally Posted by luvtolean

What lesson?

It's pretty easy to link the current situation to the last Savings and Loan debacle, and the government response then. The Moral hazard - Wikipedia, the free encyclopedia they created with bailouts last time, and the revamp of bankruptcy laws by Bush, has lead us to here. So did we learn not to bail people out this time?

Call me jaded, but I trust the government to do nothing but fuck me out of more of my money, which mark my words, is exactly what is going to happen. There's an election to be bought with my money; both of the candidates, especially Obama and his wealth redistribution scams, are counting on this.

And I'd be in line...

I was thinking a bit more in the past, with the final straw that kicked off the Great Depression by the general public pulling most of their money out of banks, etc. Now that may be a vast generalization, but you see my point.

Furthermore, with people's relative dissatisfaction and mistrust of the government, why would people have their savings in a -Mac financial institution? Mortgages I can understand, but hard currency?

Are you right to be leery of what's going on? Sure. But even despite the changes in recent years in bankruptcy and thlike, I still find it very hard to believe that something massive would happen. Not too long ago, The UK had to do the same with one of their banks, Northern Rock, I believe.

But I do stand with you on your thoughts about Obama and his wealth redistribution plan. It scares the piss out of me, too.

ND4SPD · 07-16-2008, 04:57 PM

what to do if your bank fails

ND4SPD · 07-26-2008, 08:55 PM

Two more down: No angry lines of customers after bank takeover - Yahoo! News

ND4SPD · 08-27-2008, 11:11 AM

FDIC may borrow money from Treasury: report - Yahoo! News

ND4SPD · 09-18-2008, 11:09 AM

Darkest day for Scottish banking as the Bank of Scotland faces its end - Scotsman.com News

Wow!

oldfogey · 09-18-2008, 12:54 PM

Yes, but our Scottish prime minister ensured that a Scottish bank (Lloyds TSB is registered in Edinburgh) took over the Halifax Bank of Scotland. Hoots mon!

Purpdust · 09-19-2008, 08:22 AM

When Morgan Stanley and Wachovia merge they can call themselves

MS. Wacko

ND4SPD · 09-20-2008, 01:31 PM

How much financial CEOs got paid to ruin their companies - Network World

seamus · 09-20-2008, 02:00 PM

Our gov't does a poor job, due to corporate pressure, of oversight of these businesses. It's long overdue for an overhaul and a recognition that a totally free market is not in the best interests of America.

Much like our conversations of rights and responsibilities when it comes to constitutional law, there are rights and responsibilities when it comes to business, the economy and what's good for America.

If bailouts are a part of saving the economy, then oversight and regulation should be a part of the prevention of what gets us here. That needs to be precluded by an overhaul of the lobbying system, earmarks and Congressional business practices as a whole.

SheepOfBlue · 09-20-2008, 04:08 PM

Quote:

Originally Posted by seamus

Our gov't does a poor job, due to corporate pressure, of oversight of these businesses. It's long overdue for an overhaul and a recognition that a totally free market is not in the best interests of America.

Much like our conversations of rights and responsibilities when it comes to constitutional law, there are rights and responsibilities when it comes to business, the economy and what's good for America.

If bailouts are a part of saving the economy, then oversight and regulation should be a part of the prevention of what gets us here. That needs to be precluded by an overhaul of the lobbying system, earmarks and Congressional business practices as a whole.

Lobbying is a constitutional function despite the drones in the media that like to demonize it. It is the RIGHT of the people to petition their government.

As to earmarks there is an easy fix. Undo what started it and restore the power of impoundment to the presidency.

seamus · 09-20-2008, 04:23 PM

Quote:

Originally Posted by SheepOfBlue

Lobbying is a constitutional function despite the drones in the media that like to demonize it. It is the RIGHT of the people to petition their government.

As to earmarks there is an easy fix. Undo what started it and restore the power of impoundment to the presidency.

I didn't say ban it, I said overhaul it, hippie.

SheepOfBlue · 09-20-2008, 04:28 PM

Quote:

Originally Posted by seamus

I didn't say ban it, I said overhaul it, hippie.

Another limit on free speech like that imposed by McCain? No thanks. Actually the power of impoundment would even help lobbying by maker it harder to give my money to them.

seamus · 09-21-2008, 12:04 AM

You don't even know what my overhaul plan is, how can you call it a limit on free speech?

Hippie.

SheepOfBlue · 09-21-2008, 08:24 AM

Quote:

Originally Posted by seamus

You don't even know what my overhaul plan is, how can you call it a limit on free speech?

Hippie.

Unlike the herd YOU have not announced for '08

Now my plan is to.....

go riding to Blood Mountain

ND4SPD · 09-22-2008, 10:10 AM

Mad as hell - taxpayers lash out - Sep. 21, 2008

luvtolean · 09-22-2008, 11:01 AM

Quote:

Originally Posted by ND4SPD

Mad as hell - taxpayers lash out - Sep. 21, 2008

I was visiting with some in-law family over the weekend and most were awfully pissed off.

When I pointed out a great depression costs a hell of a lot of money...they started ranting about conspiracy theory type stuff, and rich guys getting rich. (This was after listening to the tin foil hat shit about solar cells aren't better only because we haven't invested in them...same refrain since the 70s.

)

I didn't bother to point out in a depression the rich guys buy companies cheap, the middle class goes poor, the poor get skinny...

SheepOfBlue · 09-22-2008, 11:47 AM

Check item #58 in the tin foil thread and say you are not mad. I understand your point but not only is the bailout getting loaded with socialist crap, give away to buddies, and rewarding bad habits now it seems it might be funding greedy people overseas also

oldfogey · 09-23-2008, 06:09 AM

Sheep, you may be a technical expert in many areas, but monetary policy is not one of them. May I suggest you recruit a Treasury Secretary on your team.

The creative destruction of capital in a recession is a natural part of capitalism, but even the most extreme of the Austrian school would still argue in favour of maintaining the general supply of money to avoid a general deflation of prices. If banks are contracting their balance sheets as today, then the government must expand its balance sheet to compensate.

SheepOfBlue · 09-23-2008, 07:56 AM

Quote:

Originally Posted by oldfogey

Sheep, you may be a technical expert in many areas, but monetary policy is not one of them. May I suggest you recruit a Treasury Secretary on your team.

The creative destruction of capital in a recession is a natural part of capitalism, but even the most extreme of the Austrian school would still argue in favour of maintaining the general supply of money to avoid a general deflation of prices. If banks are contracting their balance sheets as today, then the government must expand its balance sheet to compensate thus you must contract yours.

Fixed it for you. Oh and I am not an expert at anything. Read a bunch of topics due to my attention span being a bit short

ND4SPD · 09-23-2008, 08:45 AM

YouTube - Who owns the Federal Reserve?

oldfogey · 09-23-2008, 08:53 AM

Cafe Hayek: Genetically Engineered Chickens Coming Home to Roost

One key bit of history of this crisis.

ND4SPD · 09-24-2008, 01:07 PM

How much is $700 billion? - By Juliet Lapidos - Slate Magazine

07-16-2008, 09:01 AM	#33
oldfogey Senior member Join Date: 12-14-2006 Location: St Albans, UK Age: 55 Bike(s): Honda VFR800i, BSA Posts: 1,153	FDIC: Bank Rating Services The FDIC indicates some sources of bank ratings if you want to check. __________________ A government big enough to give you everything you want is a government big enough to take from you everything you have - Gerald R. Ford

07-16-2008, 04:57 PM	#35
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	what to do if your bank fails __________________ "This is your life - are you who you want to be?" Learn all you need to know about Mac OS X

07-26-2008, 08:55 PM	#36
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	Two more down: No angry lines of customers after bank takeover - Yahoo! News __________________ "This is your life - are you who you want to be?" Learn all you need to know about Mac OS X

08-27-2008, 11:11 AM	#37
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	FDIC may borrow money from Treasury: report - Yahoo! News __________________ "This is your life - are you who you want to be?" Learn all you need to know about Mac OS X

09-18-2008, 11:09 AM	#38
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	Darkest day for Scottish banking as the Bank of Scotland faces its end - Scotsman.com News Wow! __________________ "This is your life - are you who you want to be?" Learn all you need to know about Mac OS X

07-16-2008, 08:13 AM	#31
Shenders1 2 Cylinders, 4 Valves, No Waiting Join Date: 01-14-2007 Location: South Lyon, MI Age: 43 Bike(s): Ducati HM Posts: 968	On a related subject, short of wading through the dense data provided on the FDIC website or purchasing access to one of the for-proft rating services, is there a way to determine an institutions relative exposure to risky mortgages or mortgate-based securities?

09-18-2008, 12:54 PM	#39
oldfogey Senior member Join Date: 12-14-2006 Location: St Albans, UK Age: 55 Bike(s): Honda VFR800i, BSA Posts: 1,153	Yes, but our Scottish prime minister ensured that a Scottish bank (Lloyds TSB is registered in Edinburgh) took over the Halifax Bank of Scotland. Hoots mon! __________________ A government big enough to give you everything you want is a government big enough to take from you everything you have - Gerald R. Ford

09-19-2008, 08:22 AM	#40
Purpdust Join Date: 12-19-2006 Location: AB-Canada/Rome Italy Age: 33 Bike(s): gsxr 750 Posts: 1,445	When Morgan Stanley and Wachovia merge they can call themselves MS. Wacko __________________ GSXR 750 - Track CRF450X - Dirt CRF100F - Soon to be a Mini Motard

09-20-2008, 01:31 PM	#41
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	How much financial CEOs got paid to ruin their companies - Network World __________________ "This is your life - are you who you want to be?" Learn all you need to know about Mac OS X

09-20-2008, 02:00 PM	#42
seamus is feelin alright Join Date: 12-13-2006 Location: Rocket City Age: 34 Bike(s): 1KRR; VFR; FMX650 Posts: 5,462	Our gov't does a poor job, due to corporate pressure, of oversight of these businesses. It's long overdue for an overhaul and a recognition that a *totally* free market is not in the best interests of America. Much like our conversations of rights and responsibilities when it comes to constitutional law, there are rights and responsibilities when it comes to business, the economy and what's good for America. If bailouts are a part of saving the economy, then oversight and regulation should be a part of the prevention of what gets us here. That needs to be precluded by an overhaul of the lobbying system, earmarks and Congressional business practices as a whole. __________________ Ducit Amor Patriae Richard Herald, The Gentle Giant The nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools. --- Thucydides

09-21-2008, 12:04 AM	#46
seamus is feelin alright Join Date: 12-13-2006 Location: Rocket City Age: 34 Bike(s): 1KRR; VFR; FMX650 Posts: 5,462	You don't even know what my overhaul plan is, how can you call it a limit on free speech? Hippie. __________________ Ducit Amor Patriae Richard Herald, The Gentle Giant The nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools. --- Thucydides

09-22-2008, 10:10 AM	#48
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	Mad as hell - taxpayers lash out - Sep. 21, 2008 __________________ "This is your life - are you who you want to be?" Learn all you need to know about Mac OS X

09-22-2008, 11:47 AM	#50
SheepOfBlue SRA President Join Date: 12-18-2006 Location: Huntsville, AL Age: 46 Bike(s): CBR1000RR, RC51, VT500FT Posts: 6,392	Check item #58 in the tin foil thread and say you are not mad. I understand your point but not only is the bailout getting loaded with socialist crap, give away to buddies, and rewarding bad habits now it seems it might be funding greedy people overseas also __________________ A man who carries a cat by the tail learns something he can learn in no other way

09-23-2008, 06:09 AM	#51
oldfogey Senior member Join Date: 12-14-2006 Location: St Albans, UK Age: 55 Bike(s): Honda VFR800i, BSA Posts: 1,153	Sheep, you may be a technical expert in many areas, but monetary policy is not one of them. May I suggest you recruit a Treasury Secretary on your team. The creative destruction of capital in a recession is a natural part of capitalism, but even the most extreme of the Austrian school would still argue in favour of maintaining the general supply of money to avoid a general deflation of prices. If banks are contracting their balance sheets as today, then the government must expand its balance sheet to compensate. __________________ A government big enough to give you everything you want is a government big enough to take from you everything you have - Gerald R. Ford

09-23-2008, 08:53 AM	#54
oldfogey Senior member Join Date: 12-14-2006 Location: St Albans, UK Age: 55 Bike(s): Honda VFR800i, BSA Posts: 1,153	Cafe Hayek: Genetically Engineered Chickens Coming Home to Roost One key bit of history of this crisis. __________________ A government big enough to give you everything you want is a government big enough to take from you everything you have - Gerald R. Ford

09-24-2008, 01:07 PM	#55
ND4SPD I'm BATMAN!!! Join Date: 12-12-2006 Bike(s): Trek Posts: 8,045 Images: 25	How much is $700 billion? - By Juliet Lapidos - Slate Magazine __________________ "This is your life - are you who you want to be?"