05-03-2010, 11:12 AM
This bill would create size and leverage limits on banks and non-bank financial firms. Under the bill, no single banks would be allowed to hold more than 10% of the total amount of all U.S. bank deposits, leverage limits would be set at 6%, and non-deposit liabilities would be capped at 2% for banks and 3% for non-bank firms. The bill's deposit cap would result in the shrinking of asome of the largest U.S. banks.
they have to shrink it off and sell it yes.
so what they do is create another company (bank) and sell it to the new company, they can see at a loss so the new company makes money. of they can see it so the new company makes a huge loss and thereby gets tax rebates tec.
so it does this with ten new companies that are formed. all under different names. wells fargo is
A conglomerate is a combination of two or more corporations engaged in entirely different businesses together into one corporate structure, usually involving a parent company and several (or many) subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and often multinational.
so wells fargo splits it's business up into it's various componant parts such as banking, morgates, insurance, etc etc .
and makes new individual companies.
A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business.
Corporations exist as a product of corporate law, and their rules balance the interests of its stakeholders: the management who operate the corporation; creditors who loan it goods, services or money; shareholders who invest their capital; the employees who contribute their labor; and the clients they serve. In modern times, corporations have become an increasingly dominant part of economic life.
An important feature of corporation is limited liability. If a corporation fails, shareholders normally only stand to lose their investment, and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporation's creditors.
note the underlined section. this means all you do when you get to be a bit to big is sell all the shitty assets you have to a new company. when it goes bust the liabilties only belong to the new company.
pretty much what freddy mac did when they unloaded the bad debts.
pretty much what Lehman is getting charged for when they sold shit debts as the real deal. the only difference is Lehman didn't get away with it because they sold to clients and not a new company.
the 20 page thing sounds good and even looks good but they're are wiser minds than ours that not only know the money and business market. they wait for opportunities like this to come about so they can milk them for all they're worth.
20 pages is no where near enough to have an airtight document that can safely control the system.
anything not in that 20 pages is open to interpretation under the law.
20 pages can't even break the surface when it comes to regulating the money industry. the gray area alone would be vast.
they have to shrink it off and sell it yes.
so what they do is create another company (bank) and sell it to the new company, they can see at a loss so the new company makes money. of they can see it so the new company makes a huge loss and thereby gets tax rebates tec.
so it does this with ten new companies that are formed. all under different names. wells fargo is
A conglomerate is a combination of two or more corporations engaged in entirely different businesses together into one corporate structure, usually involving a parent company and several (or many) subsidiaries. Often, a conglomerate is a multi-industry company. Conglomerates are often large and often multinational.
so wells fargo splits it's business up into it's various componant parts such as banking, morgates, insurance, etc etc .
and makes new individual companies.
A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business.
Corporations exist as a product of corporate law, and their rules balance the interests of its stakeholders: the management who operate the corporation; creditors who loan it goods, services or money; shareholders who invest their capital; the employees who contribute their labor; and the clients they serve. In modern times, corporations have become an increasingly dominant part of economic life.
An important feature of corporation is limited liability. If a corporation fails, shareholders normally only stand to lose their investment, and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporation's creditors.
note the underlined section. this means all you do when you get to be a bit to big is sell all the shitty assets you have to a new company. when it goes bust the liabilties only belong to the new company.
pretty much what freddy mac did when they unloaded the bad debts.
pretty much what Lehman is getting charged for when they sold shit debts as the real deal. the only difference is Lehman didn't get away with it because they sold to clients and not a new company.
the 20 page thing sounds good and even looks good but they're are wiser minds than ours that not only know the money and business market. they wait for opportunities like this to come about so they can milk them for all they're worth.
20 pages is no where near enough to have an airtight document that can safely control the system.
anything not in that 20 pages is open to interpretation under the law.
20 pages can't even break the surface when it comes to regulating the money industry. the gray area alone would be vast.