Vil gjeldskrisen ende i en bankkrise eller er store banker for store til å feile?

[Gjest Slettet+9871234]

Begrepet "too big to fail" dreier seg om banker som er for store til å gå konkurs. Fem banker har en stor del av verdensøkonomien. Neil Barofsky har skrevet en bok "Bailout" om amerikanske banker som er for store til å gå konkurs. Nå er disse bankene omtrent 25 prosent større enn før gjeldskrisen og noen mener riskoen har økt. Barofsky taler for å splitte opp for store banker som har for stor makt og følger sine egne regler, ofte som en stat i staten.

 

WASHINGTON -- Republicans are thrilled with a new tell-all book by former U.S. Treasury Department watchdog Neil Barofsky, who is heavily critical of the Obama administration's handling of the Wall Street bailout and the U.S. housing crisis.

 

Barofsky frequently criticized the administration's anti-foreclosure efforts during his tenure as the Special Inspector General for the Troubled Asset Relief Program, the $700 billion bank bailout from which the Treasury carved a small slice to help struggling homeowners in 2009. In his new book, "Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street," Barofsky revives many of his criticisms, even going so far as to call the signature effort -- the Home Affordable Modification Program -- a "disaster."

 

Republicans love it. "Obama promised that his housing programs -- including HAMP -- would help millions of Americans on the verge of foreclosure but this is another example of how his policies failed and millions of families are worse off today," Tim Miller, spokesman for the Republican National Committee, said in an email.

 

President Barack Obama promised in 2009 that 3 to 4 million homeowners would see their payments reduced thanks to mortgage modifications under HAMP. But the Treasury Department put banks in charge of the modification process, and during the program's first year and a half, homeowners widely reported that banks had deliberately lost their paperwork or charged them fees when they tried to apply. Fewer than 1 million borrowers remain in permanent HAMP modifications today.

 

"One particularly pernicious type of abuse was that servicers would direct borrowers who were current on their mortgages to start skipping payments, telling them that that would allow them to qualify for a HAMP modification," Barofsky writes in his book. "Home owners who might have been able to ride out the crisis instead ended up in long trial modifications, after which servicers would deny them a permanent modification and send them an enormous 'deficiency' bill ... Borrowers who might otherwise never have missed a payment found themselves hit with whopping bills that they couldn’t pay and now faced foreclosure. It was a disaster."

 

Several homeowners who applied for HAMP modifications told HuffPost of the same bait-and-switch process described in Barofsky's book. (He also detailed the phenomenon in his reports as the Special Inspector General.)

 

The Treasury Department, for its part, has denied that anyone wound up in foreclosure as a result of applying for assistance under HAMP. And Treasury has said it tightened up its eligibility requirements halfway through 2010, resulting in fewer strung-out trial modifications.

 

In 2011, Republicans in the House of Representatives -- joined by some Democrats -- voted to symbolically terminate HAMP, replacing it with nothing in particular.

 

 

Kilde: http://www.huffingto..._n_1702183.html

 

I USA domineres nå finansielle nyheter av overskrifter som for eksempel:

 

"Too big to fail is now even bigger."

 

Søke uttrykk: too big to fail banks.

 

Relaterte lenker:

 

Den europeiske gjeldskrisen. Hvor alvorlig er den?

 

Bailout, the $700 billion dilemma and world markets

Endret 9. august 2012 av Slettet+9871234

[hean]

Leste ikke utdraget ditt der men bare som en kommentar... det er ikke størrelsen det kommer an på men prosent egenkapital.

 

Når en bank når en viss størrelse kan det være lurt i noen tilfeller å holde en bank kunstig i live ved å tilføre kapital istedefor alternativet som er at banken går konkurs.

 

På samme måte er det med dollaren, USA ha enkelt å greit alt for mye gjeld til at de kan betjene den. Skulle alle kreditorene plutselig begynne å kreve inn ville USA fått problemer og kunne resultert i en eksponensiell inflasjon.

 

Da hadde kreditorene fått dollarne sine men problemet da er at de ikke ville være verdt noe.

 

Alternativet er da å få gjelden i små avdrag som USA klarer å betjene uten at inflasjonen går til himmels.

[Gjest Slettet+9871234]

Dette er som forventet.

 

Under-pressure Spain eyes bank rescue cash

 

MADRID: Spanish banks may get their European rescue funds within weeks, the government said Wednesday, amid concern the state may yet need a full-blown bailout.

 

Under pressure from financial markets, the economy ministry said it was discussing with European authorities the disbursement of the first part of a bank rescue loan package of up to 100 billion euros ($123 billion).

 

Spain’s government had planned to announce after the results of an audit, due in September, how much the four banks need to get from a 30-billion-euro ($37 billion) first instalment of eurozone loans.

 

That is part of the credit line of up to 100 billion euros agreed last month by the eurozone countries to stabilise Spain’s banks, which are struggling with mountains of bad loans from a property bubble that burst in 2008.

 

Kilde: http://www.dailytime...9-8-2012_pg5_34

 

Det er dog ikke forventet at den franske aksjemarkedsindeksen i følge Cnn i dag faller fordi en Fransk bank trenger "rescue funds".

 

Se også: http://www.spiegel.d...e-a-847628.html

 

Litteratur: How Big Banks Fail and What to Do about It

 

av http://www.darrellduffie.com/

Endret 9. august 2012 av Slettet+9871234

[Gjest Slettet+9871234]

Relatert tråd med videoer.

 

Obama eller Roosevelt care?