Comments on: Are you concerned over the recent fall of some major financial firms? http://FutureFirm.com/blog/are-you-concerned-over-the-recent-fall-of-some-major-financial-firms/ FutureFirm.com Tue, 22 May 2012 12:44:09 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Mark K http://FutureFirm.com/blog/are-you-concerned-over-the-recent-fall-of-some-major-financial-firms/comment-page-1/#comment-406 Mark K Thu, 19 Mar 2009 17:27:19 +0000 http://FutureFirm.com/blog/are-you-concerned-over-the-recent-fall-of-some-major-financial-firms/#comment-406 yes I fear the Dollar will take a licking and my Mutual Funds 401K account will be devastated yes I fear the Dollar will take a licking and my Mutual Funds 401K account will be devastated

]]> By: Mark C http://FutureFirm.com/blog/are-you-concerned-over-the-recent-fall-of-some-major-financial-firms/comment-page-1/#comment-405 Mark C Thu, 19 Mar 2009 01:17:22 +0000 http://FutureFirm.com/blog/are-you-concerned-over-the-recent-fall-of-some-major-financial-firms/#comment-405 These shakeouts occur every so often and are a natural market adjustment. The problem this time is that some of these institutions got too big. I hope what will happen is that the smaller responsible banks will prevail and the taxpayer will not be on the hook again like the RTC in the 80s. The Resolution Trust Corporation ( RTC) was a US government-owned asset management company mandated to liquidate assets (primarily real estate-related assets, including mortgage loans) that had been assets of savings and loan associations ("S&Ls") declared insolvent by the Office of Thrift Supervision, as a consequence of the Savings and Loan crisis of the 1980s. It also took over the insurance functions of the former Federal Home Loan Bank Board. It was created by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), adopted in 1989. In 1995, its duties were transferred to the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation. These shakeouts occur every so often and are a natural market adjustment. The problem this time is that some of these institutions got too big.
I hope what will happen is that the smaller responsible banks will prevail and the taxpayer will not be on the hook again like the RTC in the 80s.

The Resolution Trust Corporation ( RTC) was a US government-owned asset management company mandated to liquidate assets (primarily real estate-related assets, including mortgage loans) that had been assets of savings and loan associations (“S&Ls”) declared insolvent by the Office of Thrift Supervision, as a consequence of the Savings and Loan crisis of the 1980s. It also took over the insurance functions of the former Federal Home Loan Bank Board. It was created by the Financial Institutions Reform Recovery and Enforcement Act (FIRREA), adopted in 1989. In 1995, its duties were transferred to the Savings Association Insurance Fund of the Federal Deposit Insurance Corporation.

]]>