WELL-CON ME BACK ALL YOU SWEET LADY LIBERTY'S
PASSIONSWORD ARENA FANS SOMEWHERE OUT THERE
IN GOD 'S ALMIGHTY BLISTERING FOR A $$$ LA LA LAND...
IT WILL ALSO BE BLISTERING OUT THERE TOO IN
ALL THOSE OTHER LA LA LAND SIMMERING SITUATIONS!!?
PASSIONSWORD ARENA FANS SOMEWHERE OUT THERE
IN GOD 'S ALMIGHTY BLISTERING FOR A $$$ LA LA LAND...
IT WILL ALSO BE BLISTERING OUT THERE TOO IN
ALL THOSE OTHER LA LA LAND SIMMERING SITUATIONS!!?
The Federal Deposit Insurance
Corporation (FDIC) and the Federal Reserve Board on Friday announced the
process for receiving and evaluating the initial resolution plans--also
known as living wills--from the largest banking organizations operating
in the United States.
The Dodd-Frank Wall Street Reform
and Consumer Protection Act requires
that bank holding companies with
total consolidated assets of $50 billion or more and nonbank financial
companies designated by the Financial Stability Oversight Council for
supervision by the Federal Reserve submit resolution plans annually to
the FDIC and the Federal Reserve.
This first group of submissions
will include...
Bank of America, Barclays, Citibank, Credit Suisse,
Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS.
THEN THERE'S FORD & MID HOMES ON UPTURN !???
LAGGARDS, CABOT, DEBT CRISES ADDED IN,
NO WAY THEY WILL BUILD THE HOMES ANYWAY!
THEN THERE'S FORD & MID HOMES ON UPTURN !???
LAGGARDS, CABOT, DEBT CRISES ADDED IN,
NO WAY THEY WILL BUILD THE HOMES ANYWAY!
### THESE ARE WHO TO BE LOOKING AT THERE MATE!???
ESPECIALLY THE 7 DAY OUT LOOK PLANNER AFTER...
THIS ENTERING IN ON THE REAL DEAL COMING UP...
The FDIC and Federal Reserve must
review each resolution plan and jointly may determine that a resolution
plan is not credible or would not facilitate an orderly resolution of
the company in bankruptcy.
Companies subject to the rule are
required to file their initial resolution plans in three groups and on a
staggered schedule. Firms in the first group, which includes U.S. bank
holding companies with $250 billion or more in total nonbank assets and
foreign-based bank holding companies with $250 billion or more in total
U.S. nonbank assets, must submit their initial resolution plans on or
before July 2, 2012.
By regulation, the plans must be
divided into a public section and a confidential section. The public
section of the plans will contain detailed information to allow the
public to understand the business of the covered company. Information in
the public portion will include details such as a description of the
company's core business lines and financial information regarding
assets, liabilities, capital, and major funding sources.
Following submission of a resolution plan, the FDIC and Federal Reserve will—
- Release the public section of the resolution plans by close of business on Tuesday, July 3, 2012;
- Preliminarily review the plan for informational completeness within 60 days; and
- Review each plan for its compliance with the requirements of the rule.
GOOD LUCK JUNE BUG POWER PLAY SIMMERING SUMMER BULL!
JUST TO KEEP THE STREET UP DESPITE THE UPCOMING ???...
