New rules are being created to oversee our financial system. These regulations are designed to protect us from financial harm. Unfortunately, what just harmed us is rarely what we should be worrying about.
Let me give you an example.
Today, banking regulators are working furiously to demand that the nation’s bankers rid themselves of those problematic development loans. That makes sense on the surface. In the minds of most, not a single new home will ever be built in this country. Neither will a new city be incorporated, a new school be built or a new job created.
But dig a little deeper and you will find that all land development is being regulated, even those where the borrower is steadily making proper loan payments.
From the banker’s perspective, he is not going to argue with the bank regulator. Running afoul of their demands carries the possibility that the bank is focused on too closely or even shut down.
For those with a short memory, or of a younger generation, I share with you the example of the banks that regulators chose to chain shut during the savings and loan crisis of the early 1990s.
Within just a few years, courts across this nation heard cases against the government for unfair decision making on the part of regulators. In at least one case, the fallen bank won a settlement for the subjective nature of its closure. In an odd aside to that crisis, the publicly traded stock of several banks continued to trade for the future value of potential settlement, long after the bank ceased to exist.
On another level, does anyone else find it odd that after more than 100 years as an investment firm, Goldman Sachs woke up one day and decided to announce it was converting to a bank? It was one of the first to do so and just in time for its former chairman, Hank Paulson, to announce that as Treasury Secretary banks would be offered a new program called TARP.
I suspect that when the story is finally written on today’s banking environment we will all conclude that some good banks were shut down, some bad banks were allowed to stay open and the system was overly focused on yesterday’s problems rather than tomorrow’s solutions.
RSS
Your Comments
reps given!!!
awesome stuff, cheers man
This is a amazing write-up, I discovered your webpage doing research google for a similar theme and arrived to this. I couldnt get to much different information on this post, so it was pleasant to locate this one. I will end up being back to look at some other articles that you have another time.
just what goes up, has to come down?
Excellent. Thanks so much for the post. -Kate
Wow, I never knew this, appreciated.
Hi there, I just finished reading some of your posts and found you to be quite informative. Thanks.
go figure =[
One of the benefits of shopping online is that it helps consumer saves time. This suits the current lifestyle of most people who are rather busy and have difficulty finding time doing all their shopping at physical stores. With online shopping, they can cut down on their traveling time. Furthermore, if the product they want is not available in the physical store, they need to go to another store to find it. With shopping online, all these inconvenience can be avoided.
now see, this type of stuff simply isn’t going to add up
This is a very intriguing post, I was looking for this information. Just so you know I discovered your blog site when I was doing research for blogs like mine, so please check out my site sometime and leave me a comment to let me know what you think.
When was the last time you were driving down the digital highway and felt like you were shot by words?
You made some good points there. I did a search on the topic and found most people will agree with your opinion.
честно впадлу…..
Today, banking regulators are working furiously to demand that the nation’s bankers rid themselves of those problematic development […….
This is a exceptional post, but I was wondering how do I suscribe to the RSS feed?
awesome stuff, cheers man
Lindsay Lohan is set to play Linda Lovelace, the porn star featured in 1972’s infamous ‘Deep Throat.’ Why does that seem like such a fitting role?…
adult pussy
I am filing a law suit tomorrow against gayoptions.com, mypartner.com and manmate.com for their obvious discrimination against heterosexuals.
now see, this sort of stuff really isn’t going to sound right
This Blog is very nice.
I’m pleased I found this blog page, I couldnt get any info on this matter prior to. Also run a niche site and if you’re ever interested in doing a bit of visitor writing for me make sure you feel free to let me know, im always look for people to check out my website. Please stop by and leave a comment sometime!
I found your blog on google.I would like to offer my site: Acai Berry Reviews
This is a very helpful post, I was looking for this knowledge. Just so you know I located your blog site when I was browsing for blogs like mine, so please check out my site sometime and leave me a comment to let me know what you think.
В принципе, вебмастер оригинально накропал.
Gay Internal Creampies
Dildo Penetrations
Dawson Miller
Sinful Mature Sex
Crazy Monster Cock
Nextdoor Emma
Try Teens
Hailey Hardcore
Virgin Off
Gay Muscle Match
Naughty Swinger Wife
Melissa Midwest
hahaha seriously
Leave a Reply