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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » Timothy Geithner: “The Threat of Cascading Default, Bank Runs and Catastrophic Risk”

Timothy Geithner: “The Threat of Cascading Default, Bank Runs and Catastrophic Risk”


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25 Responses to "Timothy Geithner: “The Threat of Cascading Default, Bank Runs and Catastrophic Risk”"

  1. llmarialucia says:
    Cris, i m proud of you , get this goverment , talk the true , stop lie for americans and for rest the world , is time for people understand what realy happen and america , thanks again .
  2. miamistorm says:
    European banks are burdened by huge portfolios of Sovereign debt. US banks are still burdened by huge off balance sheet entries of worthless toxic derivatives and non-performing loan portfolios. EU banks can’t use FASB ‘mark to model’ rules to value worthless bond holdings like their US counterparts. EU banks are forced by law to value il-liquid assets using a modified ‘mark to market’ formula, resulting in them being forced to take write-offs and write-downs immediately.
  3. sjguy25 says:
    in simple words You are a Hero. thank you
    
  4. Tribulatoryfighter says:
    Yes!! I totally agree!! Soon to be blacked out..no internet..what about pigeons?? China is using pigeons!! LOL.. evil cronies!!
  5. ScorpiusIncorruptus says:
    I will get out of BofA with this next check…hopefully having any value when I do.

    Thanks, Chris, for saying what you say. I want a change…or at least the opportunity for more than the change in my pocket – the only change we can still believe in, right? And I PROMISE, I will spread the GreeneWave word a WHOLE lote more…

  6. searching68 says:
    That’s what happens when government and big business owns you.

    WAKE THE HELL UP AMERICA! — Join the Revolution
    -
    Read “Common Sense 3.1″ at ( revolution2.osixs.org )
    -
    We don’t have to live like this anymore. “Spread the News”

    FIGHT THE CAUSE – NOT THE SYMPTOM

  7. ripperduck says:
    @TheHomesteadGal Isn’t it strange that a US Treasury Sect. is talkin about Euro banks? Somehow he tinks that Euro will affect US banks…..
  8. silentmajor says:
    @soapboxkid75 for these scum
  9. usaSAVAGE says:
    It’s great to see young people getting informed, and reporting that information to the masses. getting the truth out there that our media in America won’t report. it’s imperative that the true news gets out there. cause we are being played by both parties. Rock on man, keep getting the true news out there.
  10. muzkok says:
    Fight global economy, the two party system and oversized government. EAT THE RICH !!!!!
  11. TheHomesteadGal says:
    While I am NOT a Timmy-fan at all, his statement about cascading default was referring to European banks. Let’s try not to take things out of context to over-sensationalize. America will be next but on this instance, Turbo Timmy was referring to the Euro-arena.
  12. Dewdaahman says:
    “..shall be drawn to the gallows, not walking or carried..” little Timmy Geithner will need a step-stool to reach the rope because he’ll be on his knees beggin’ for his life to continue, but alas his words will fall on hardened eardrums..
  13. andyjoep says:
    The banks in Phoenix have been getting ready for the last 6 months by putting bullet proof windows up in all banks. They are not stupid. Just criminals and ain’t letting anyone steal back what they stole fair and square in their eyes. I am taking all my money out.
  14. Popflyer123 says:
    Hi – what’s your quick take on Canadian banks and economy?
  15. david8157 says:
    Make sure you have some cash under the matress…if the ATMs go off those who rely on plastic will be badly stuck.

    Good work Christopher…you are a hero!!

  16. david8157 says:
    Make sure you have some cash under the matress…if the ATMs go off those who rely on plastic will be badly stuck.

    Good work Christopher…you are a hero!!

  17. cpgone says:
    Markets barely holding. Crash soon. Basically you are right. See zero hedge today.
  18. tet43 says:
    Black Monday? Really? Thanks for the heads-up.You’re really good at this prediction stuff.
  19. brickford27 says:
    i don’t dispute the dollars are declining in value
  20. plalelal says:
    @brickford27 The purchasing power of the dollar is still rapidly declining d/t the price increases d/t the printing of money.
  21. Eyebeemz says:
    @chaineychainaman I hope that one day is later this week LOL.
  22. domainestickem says:
    riots, Coming to America fast then Eddie Murphy
  23. graham12367 says:
    @Tom74090 You will be one of the sheeple that find yourself completely broke and with no extra food or water. Have fun in that FEMA camp bright one.
  24. chaineychainaman says:
    @Eyebeemz I agree. They are sooo confident like nothing can bring all of this wickedness down.  One day they won’t be smiling.
  25. Rimmerrommer says:
    The Fed is hell bent on getting the stock market up, I don’t think they will ever stock pumping money into Wall Street. Bank runs aren’t possible when you can create trillions of dollars out of thin air, because the Fed will create more base money out of thin air and put it into the banking system to keep it solvent.

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