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Originally posted by Zoso All of this could result in some of the most interesting (and perhaps painful) financial restructuring of our time. Our banking industry is already pretty heavily regulated, but I can't help but feel more regs are coming soon. I wonder if things will get bad enough that people will demand/give in to the federalization of the financial system.

what this needs is the exact opposite. we need less government in these kind of circumstances. if a bank is going to build their entire portfolio out of insanely high risk loans then thats their choice.

people on this forum make jokes all the time that darwin strikes again when someone dies doing something retarded. these banks need to learn that as well, they need to fall to get back to reality. for them 20% profit margins and 10% incraeses in stock per quarter are low expectations.

i hope the government steps out of this, banks lose investors (yes i understand people will lose lots of money too) and banks get back to convervative products, with earnings based on a balanced book.

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Originally posted by Zombie0729 what this needs is the exact opposite. we need less government in these kind of circumstances. if a bank is going to build their entire portfolio out of insanely high risk loans then thats their choice. people on this forum make jokes all the time that darwin strikes again when someone dies doing something retarded. these banks need to learn that as well, they need to fall to get back to reality. for them 20% profit margins and 10% incraeses in stock per quarter are low expectations. i hope the government steps out of this, banks lose investors (yes i understand people will lose lots of money too) and banks get back to convervative products, with earnings based on a balanced book.

I totally agree here. Not only will it get banks to go back to just being a bank, it will remove the living on credit extreme that we have been on for so long.

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Originally posted by saluyamo Another question (DJ and that other economics guy might be able to give a good answer) Just how bad could things get in your opinion?

If I knew that I'd be sunning myself on my 300ft expedition yacht somewhere hot, instead I'm in my pyjamas looking for jobs

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Originally posted by Rostros The Question is will A.I.G Fall ?

Last I heard was they had to raise $70bn in capital in two days. In a market like this. I don't see it happening.

I can't speak with any authority, as I have no idea how regulated banks are outside the U.S. I work for a small community bank, so you'll have to take what I have to say with the appropriately sized grain of salt. I just know that between federal and state regulations, we have all sorts of rules to follow, and we have regular audits by the state, the FDIC, and external third parties. Again, I'm not knowledgeable enough to say how strict our regs are versus someone else's.

And I'm not suggesting that more government mandated regulations are the answer. I think there is plenty of good, industry standard advise and practice out there IF ONLY lenders were willing to follow that guidance. BUT, what will happen, is someone in a high office will say "the government should have done more to save YOU, the American people," and with the crowds cheering around him/her, more regs will come down the pipeline.

On the one hand, you want some banks to fail as a lesson to the others and because that's how free markets work - you do dumb shit, you go under. But on the other hand, I think banks are interwoven with so much other stuff, we're afraid to let too many large firms just fall flat on their collective asses.

Again, this could get very, very interesting. I'm just glad that all I owe is a small balance on an auto loan.

with the us economy pretty much going to shit is this a good time to go into forex game and buy the us dollar and hold on until it gets better?

I dunno, but it is a good time to gtfo the US.

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Originally posted by gehzumteufel I dunno, but it is a good time to gtfo the US.

OMG NOWAI! Come to my house. I'm stocking up on canned goods, beer, and a bone saw, and I'm closely monitoring/recording my neighbors' schedules for future purposes.

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Originally posted by Zoso OMG NOWAI! Come to my house. I'm stocking up on canned goods, beer, and a bone saw, and I'm closely monitoring/recording my neighbors' schedules for future purposes.

LOL

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Originally posted by chimera66 with the us economy pretty much going to shit is this a good time to go into forex game and buy the us dollar and hold on until it gets better?

The US dollar has actually been performing pretty well the few months. It has recovered 10% of its value against the GBP in the last three months, and a similar amount against the Euro.

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Originally posted by fbgdavidson The US dollar has actually been performing pretty well the few months. It has recovered 10% of its value against the GBP in the last three months, and a similar amount against the Euro.

shit well there goes my idea. although it can't perform well for too much longer though right if the government has to buyout companies

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