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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: DinoNavarre who wrote (10545)3/12/2023 5:16:21 PM
From: robert b furman1 Recommendation

Recommended By
DinoNavarre

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How about they stress test all bank sizes with varying requirements based on their loan portfolios, and sector concentrations.

In 2008 the investment banks were the boogey man.

Now with stress testing they are solid. If you want a strong banking system, what's good for the goose is good for the gander.

If it works, duplicate it.

If a bank can't be safe, merge it with one that is, and do it before fear and bank runs make things worse!

Just sayin.

My Dad was a banker and his bank had examiners every year, both stte and federal. They ruled the roost.

If you had a non-performing loan, they told you to repo it and write it off. It kept surprises out of question.

Nothing wrong with our banks being conservative and current on writing off bad loans.

The GFC was the opposite of that because loans with out down payments and good credit ratings were politically infused into the system.

When it all went to crap, the politicians wanting sub safe standards blamed those greedy bankers first, so the real blame never landed on those who weakened the standards of safe banking.

We're supposed to learn from our mistakes eh?

Get real and quit letting politicians make business or government WOKE!

SHEESH learn people!

Bob
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