Share on Facebook Share on Twitter Share on Reddit + - Too big to fail – the play By Deep T. in Miscellaneousat 6:52 am on February 14, 2012 | 13 comments Find below “Act 1: Thanks for coming”, the first installment of Deep T’s new play “Too big to fail”. Acts 2 and 3 will be published tomorrow and Thursday. Enjoy (in a black sort of way!). Share on Facebook Share on Twitter Share on Reddit + - YOU MAY ALSO BE INTERESTED INPolitical stoush brews over ACT's marijuana legalisationLast month, the ACT Legislative Assembly passedA night at the charts - 15 October 2019AUD/USD 4 Hrs ASX 200A night at the charts - 14 October 2019a little something for the eveningLinks 14 October 2019Global Macro / Markets / Investing: Comments a63 February 14, 2012 at 7:52 am TBTF wacky view from the NY Times. This will never happen. http://www.nytimes.com/2012/02/12/business/making-shareholders-liable-for-big-banks-economic-view.html?scp=2&sq=too%20big%20to&st=Search poida February 14, 2012 at 8:14 am Excellent presentation Mr Deep T. reusachtigeMEMBER February 14, 2012 at 8:16 am I’m looking forward to the following acts. Good stuff! David Collett February 14, 2012 at 9:37 am nice one, brings out the subtleties such as it being a sort of cultural issue amongst the directors. It would be interesting to know whether the executive directors in the big banks who report to the market on a quarterly basis are just denialist about future risks to bank earnings or are fully aware and just blocking it out. No doubt if such reports as Deep T’s…:) are being filed then in hindsight they will be seen to be negligent. But if I was them the only tactic I can think of right now is pretend to be a real estate agent who can’t sell a property..and start working on the vendor to reduce their price expectations (for example they could start making press releases to the MSM each time they pay a record price for their short term offshore funding…). But then again if they have 90% of the residential loans market then public sentiment is irrelevant to their quarterly profits even with online lenders making some headway..Hence easier just to do nothing..:) 3d1k February 14, 2012 at 9:38 am Entertaining, informative…and stirring the possum! Megabank Chairman: “I have continuing close dialogue with the RBA Governor on these issues…and his retirement plans. There is nothing the Governor will do to harm Megabank” DavoJ February 14, 2012 at 10:00 am Nice one. And quite a coup getting Steve Carell to play the Chairman. Houses and HolesMEMBER February 14, 2012 at 10:25 am LOL BenMEMBER February 14, 2012 at 11:34 am “So any official interest rate decrease may have little effect on the bank’s cost of funds while damaging the bank’s ability to raise new funds.” http://www.youtube.com/watch?v=uzDrEYjuAtw&feature=player_embedded#t=394s Wow. Explaining last week’s HOLD. Right there. 3d1k February 14, 2012 at 11:44 am Yep. There’s more to the RBA’s action than appears at mere face value. A deliberate decision with a view to ‘assisting’ the banks. (Plus the data (jobs) looked OK!) Sherlock February 14, 2012 at 11:59 am The jobs data will be looking considerably worse in the months to come. Somewhere in Australia a medium-sized business is going to the wall every day. TSpencer February 14, 2012 at 2:00 pm The chairman looks like Michael Scott.. darklydrawlMEMBER February 14, 2012 at 6:06 pm Sir, Outstanding effort. Looking forward to the following installments. Very educational and amusing. Thanks! AlanR February 14, 2012 at 8:28 pm Good to have your input again.