5-10-2012 Gypsy Vardo: In response to what's been said on conference calls concerning the FDIC, I think they are blowing that announcement of regulatory reform of "too-big-to-fail" banks out of proportion.
As a former FDIC Bank Examiner, former Bank president and one who actually formed a bank holding company, I believe this new procedure is their method of how to address the complexities of some of these financial institutions that have multiple financial platforms (not just a bank charter).
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What they are trying to do is put some accountability back into the banking system that has been operating in system that has allowed great risk taking by these financial institutions that has helped contribute to the systemic risk that is now rampant within the financial sector.
I very seriously doubt if this has any bearing whatsoever on the RV and on this supposed "global reset" (which I am very skeptical of).
This should actually give ordinary people comfort that the government is taking regulatory and legal steps to get their arms around the big mess that major banking companies have themselves in.
This is not an announcement of the impending demise of these banking entities but rather an announcement of the reforms that are necessary in the aftermath of this last meltdown.