Banking is a racket and all involved are racketeers. Therefore bankers are criminals. It's that simple. Why are people so stupid? Taxes tailored to benefit the middle class are a much better system than the "bad bank" argument. Right now we have a tax system designed to help the rich. This is what is wrong.
I find generally any entity that is described as "Bad" is something best avoided. Examples include: "Bad" Sandwich, "Bad" haircut, "Bad" shoes, "Bad" lawnmower, "Bad" glasses, "Bad" usage of public funds, and of course "Bad" banks. The only exception to this rule is with regards to Michael Jackson era urban lingo, in which case the word "Bad" is taken to mean precisely the opposite (good). However, it is not clear in this video whether or not this is in fact the intended usage of the term.
This sad attempt of marketing is a load of BULLSHIT! The tax payer is in NO WAY better off because of the bank's bail out. This simply perpetuates the cycle. The banks have stolen from the tax payer in order to get out of debt just to screw us over again.
why did the traveler loaded himself up with toxins if he knew that they were going to drag him down?? why do the other members of the expedition even need him if he tries to sell shit to them, which would slow them down??
looks like the traveler wants to make profit all the way up to the mountain, but other members refuse to take part of it.
SO.. to recap.. WHY DO WE NEED THAT TOXIC FUCKER in the first place??
+BEN fucker buys all that toxic shit for us, which banks created to gain profit??
Stupid Stupid Stupid. Let me unravel this propaganda. The reason for the bad banks is that the "good" banks have such bad positions that they can't write it all off without going out of business, so instead of doing that, they isolate the risk to these "bad banks" and lobby congress to let these bad banks limp along with taxpayer money in the hopes that their worthless holdings might not be totally worthless some day in the future. It's another engineered copout. Taxpayers will pay yet again
Wouldn't you have to consolidate the balance sheets of the "good bank" and the "bad bank"? If so, when you do this it wouldn't make any difference at all right?
@jackedbull The Fed's "bad bank" that 2237 mentioned are "holding" these busted lotto tickets, but as long as the Fed does not TRY to sell these and does not determine market value, the Fed can pretend these assets are not on it's balance sheet now. In order for these assets to regain value, they have to somehow re-inflate housing prices in a Depression with high unemployment and declining wages.
@dilbertgeg At 0:17 Paddy Hirsch says "Also banks themselves are creating bad banks, these entities as a way to take some pressure off their balance sheets". Who owns the bad bank created by a good bank? If it is the good bank, the balance sheets need to be consolidated right?
the name of those fed created 'bad banks' are Maiden Lane 1 l.l.c. , 2, & 3. They derive their name from the street that the Fed of NY sits at the corner of, in case anyone wants to really read up, on what happened. just search that name. What a sham.
I dont know why people tell me to read the Financial Times to understand the markets. I find it difficult to draw any conclusions from FT, or is it just that I am stupid??
it is all based on loans gone bad because people have no job to pay their loans.
until jobs become the issue, then all is lost.
moving unpayable debt to another closet doesn't make it payable.
the gov(fed res bank) can adjust the "assessment" of the probable payment of the unpayable debt, by taking over debt institutions or propping them up(treading water), but that's just trying to squeaze a little more out before all is lost.
What you are talking about is ALL theory mate, but in Reality, it will Not work and has not worked. The Banks are evil. But i like what you said in the end... The Increase in Toxicity of Rotten assets and the squandering of Tax payers money, not to mention the Federal Reserve, (The Biggest culprit of all) has Flooded the banks with Printed Phantom paper, backed by NOTHING....
Such is now the creation of the "BAILOUT BUBBLE" and the GREATEST DEPRESSION Greater than the Great Depression.
The Fundamental root of the Bank system and Bankers who created the Banking system and Cartel... The Essence of the Bankers and the Banking Cartel was and is to Enslave the people into Debt Slavery and force people into Debt slaves.
Banks are Evil, but the Chinese Communist Party is the Root evil regime in this world.
I think he is saying it might be a good thing with an air of sarcasm, like it might be good if against impossible odds things happen this way... but if they happen this way we're fucked (theyre going to happen the fucked way)
so the end result is probably going to be the further enslavement of the American tax payer by the Federal Reserve Bank against their will and due to no fault of their own?
I didn't really see why it may be a good thing. Either the debts get repayed or they don't. Surely it effects the bank either way. Banks with our savings should not be allowed to trade debt and should be responsible for their own lending only. As we can't let them fail they should be run as risk free as possible.
Bad banks take the weight off existing banks. The bad bank is hoping to buy the securities at the mark down price and hoping that they will rise as to make a profit in the future. The securities they buy are only POTENTIALLY toxic but there is still a chance that they can be repaid. The banks who sell them do so because they cant afford to hold that risk that the asset may lose them money and so bad banks give them the option to not hold it.
The bad bank is nothing but a swindle on a VERY large scale, it's an excuse to do fraud right in front of our faces.
In fact, I give up. Look up the damn Watergate scandal! Metaphors, you're all stupid!
And those who think this is LEARNING. I feel so very sorry for you, you're talked to like idiots and you end up even dumber.
You can't create something out of nothing, by saying that a 'bad bank' is now a legitimate financial entity in which we can manage this crisis. SLUSH FUND
Outrageous! If no one will buy those "assets" they are worthless. We as tax payers are being fleeced again! Forced to buy worthless assets at whatever cost the banks decide. What is it called when the government and business work together against the people? Fascism, is it?
Banking is a racket and all involved are racketeers. Therefore bankers are criminals. It's that simple. Why are people so stupid? Taxes tailored to benefit the middle class are a much better system than the "bad bank" argument. Right now we have a tax system designed to help the rich. This is what is wrong.
webfulfill 1 month ago
To me it seem like modern economics is just a bunch of patches and workarounds for an outdated monetary system.
TheLivirus 4 months ago
I find generally any entity that is described as "Bad" is something best avoided. Examples include: "Bad" Sandwich, "Bad" haircut, "Bad" shoes, "Bad" lawnmower, "Bad" glasses, "Bad" usage of public funds, and of course "Bad" banks. The only exception to this rule is with regards to Michael Jackson era urban lingo, in which case the word "Bad" is taken to mean precisely the opposite (good). However, it is not clear in this video whether or not this is in fact the intended usage of the term.
Pythons80 4 months ago
This is so damn patronizing! - Stick figures! How stupid do you think the public are?
Sapote91 7 months ago
@Sapote91 do not watch it than please
blackschole12 6 months ago
This sad attempt of marketing is a load of BULLSHIT! The tax payer is in NO WAY better off because of the bank's bail out. This simply perpetuates the cycle. The banks have stolen from the tax payer in order to get out of debt just to screw us over again.
Sapote91 7 months ago 2
the analogy is wrong..
silsvinjo 1 year ago
why did the traveler loaded himself up with toxins if he knew that they were going to drag him down?? why do the other members of the expedition even need him if he tries to sell shit to them, which would slow them down??
looks like the traveler wants to make profit all the way up to the mountain, but other members refuse to take part of it.
SO.. to recap.. WHY DO WE NEED THAT TOXIC FUCKER in the first place??
+BEN fucker buys all that toxic shit for us, which banks created to gain profit??
HumanityWins 1 year ago 3
@HumanityWins "WHY DO WE NEED THAT TOXIC FUCKER in the first place??"
You have a personal loan or a car loan that has no real backing behind it ?? EG you default on your loan and the bank cant recover it's money ?
If not I bet you know sombody who does.
abarford1 10 months ago
Stupid Stupid Stupid. Let me unravel this propaganda. The reason for the bad banks is that the "good" banks have such bad positions that they can't write it all off without going out of business, so instead of doing that, they isolate the risk to these "bad banks" and lobby congress to let these bad banks limp along with taxpayer money in the hopes that their worthless holdings might not be totally worthless some day in the future. It's another engineered copout. Taxpayers will pay yet again
shoelessjohn 1 year ago
Wouldn't you have to consolidate the balance sheets of the "good bank" and the "bad bank"? If so, when you do this it wouldn't make any difference at all right?
jackedbull 1 year ago
@jackedbull The Fed's "bad bank" that 2237 mentioned are "holding" these busted lotto tickets, but as long as the Fed does not TRY to sell these and does not determine market value, the Fed can pretend these assets are not on it's balance sheet now. In order for these assets to regain value, they have to somehow re-inflate housing prices in a Depression with high unemployment and declining wages.
dilbertgeg 1 year ago
@dilbertgeg At 0:17 Paddy Hirsch says "Also banks themselves are creating bad banks, these entities as a way to take some pressure off their balance sheets". Who owns the bad bank created by a good bank? If it is the good bank, the balance sheets need to be consolidated right?
jackedbull 1 year ago
the name of those fed created 'bad banks' are Maiden Lane 1 l.l.c. , 2, & 3. They derive their name from the street that the Fed of NY sits at the corner of, in case anyone wants to really read up, on what happened. just search that name. What a sham.
2237lemon 1 year ago
I dont know why people tell me to read the Financial Times to understand the markets. I find it difficult to draw any conclusions from FT, or is it just that I am stupid??
selfidentity1 2 years ago
@selfidentity1 You are just stupid. :P
gallywally1 1 year ago
it is all based on loans gone bad because people have no job to pay their loans.
until jobs become the issue, then all is lost.
moving unpayable debt to another closet doesn't make it payable.
the gov(fed res bank) can adjust the "assessment" of the probable payment of the unpayable debt, by taking over debt institutions or propping them up(treading water), but that's just trying to squeaze a little more out before all is lost.
curiouschem 2 years ago
What you are talking about is ALL theory mate, but in Reality, it will Not work and has not worked. The Banks are evil. But i like what you said in the end... The Increase in Toxicity of Rotten assets and the squandering of Tax payers money, not to mention the Federal Reserve, (The Biggest culprit of all) has Flooded the banks with Printed Phantom paper, backed by NOTHING....
Such is now the creation of the "BAILOUT BUBBLE" and the GREATEST DEPRESSION Greater than the Great Depression.
mitchee009 2 years ago
The Fundamental root of the Bank system and Bankers who created the Banking system and Cartel... The Essence of the Bankers and the Banking Cartel was and is to Enslave the people into Debt Slavery and force people into Debt slaves.
Banks are Evil, but the Chinese Communist Party is the Root evil regime in this world.
mitchee009 2 years ago
I think he is saying it might be a good thing with an air of sarcasm, like it might be good if against impossible odds things happen this way... but if they happen this way we're fucked (theyre going to happen the fucked way)
trsdos 2 years ago
I think this guy has a drinking problem
Jfrisella 2 years ago
so the end result is probably going to be the further enslavement of the American tax payer by the Federal Reserve Bank against their will and due to no fault of their own?
mlndstream 2 years ago 4
its very sad that some people will be persuaded to buy into the bad bank securities coming available.
Don't be one of those people.
here's another video idea:
"why nuclear waste in your home might be a good idea"
7Hook 3 years ago
I didn't really see why it may be a good thing. Either the debts get repayed or they don't. Surely it effects the bank either way. Banks with our savings should not be allowed to trade debt and should be responsible for their own lending only. As we can't let them fail they should be run as risk free as possible.
praline2x 3 years ago 2
Bad banks take the weight off existing banks. The bad bank is hoping to buy the securities at the mark down price and hoping that they will rise as to make a profit in the future. The securities they buy are only POTENTIALLY toxic but there is still a chance that they can be repaid. The banks who sell them do so because they cant afford to hold that risk that the asset may lose them money and so bad banks give them the option to not hold it.
piemanny 3 years ago
No, wrong.
The bad bank is nothing but a swindle on a VERY large scale, it's an excuse to do fraud right in front of our faces.
In fact, I give up. Look up the damn Watergate scandal! Metaphors, you're all stupid!
And those who think this is LEARNING. I feel so very sorry for you, you're talked to like idiots and you end up even dumber.
You can't create something out of nothing, by saying that a 'bad bank' is now a legitimate financial entity in which we can manage this crisis. SLUSH FUND
joneselius 3 years ago
Please keep up the great videos! Learning so much. Your explanations are very clear and it simplifies it for many people like me who are not experts.
elpresidio 3 years ago
thank you for all the videos i am learning so much
ucsb student
HellaRandomVideos 3 years ago
what's an example of a bad bank?
cyber7654321cyber 3 years ago
a SLUSH FUND.
joneselius 3 years ago
Outrageous! If no one will buy those "assets" they are worthless. We as tax payers are being fleeced again! Forced to buy worthless assets at whatever cost the banks decide. What is it called when the government and business work together against the people? Fascism, is it?
jzygula 3 years ago
woooooo, FINALLY.
Oh my God finally, someone else see's it!
How, how have British people become so STUPID. This is now an unaccountable, unregulated slush fund. Take our money do with it what you will.
What is this, does this mean that Northern Rock becomes a GOOD BANK!
Arghhhhhhh, unemployment here we come, financial ruin, woo?
joneselius 3 years ago
This has been flagged as spam show
Good video, thanks !
Tamarindu 3 years ago
What a joke. Who will leave their valuable goods on the floor.
You are just allowing bankers to dump toxic junks at other people's cost.
WildcatTofu 3 years ago 2
Yea, great analogy. Really helps the average person understand what's going on.
rli421 3 years ago
Great video. Very informative. Thanks!
lambo5688 3 years ago
yeah, hah, in theory that would work...unfortunately it won't in reality.
Serge808 3 years ago
Great video, thanks a bunch; and I really like your use of metaphors for explaining these financial terms and situations.
Reve101 3 years ago