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Racketeering 101: Bailed out banken dreigen met systeem-collapse als FED informatie openbaar maakt

De pistolen zijn getrokken. The Clearing House Association, een andere naam voor de vereniging van banken die vorig jaar gulle giften van u, lieve belastingbetaler, hebben mogen ontvangen, dreigen nu met een nieuwe ronde totale financiële meltdown als Bloomberg's "freedom of information request" wordt ingewilligd of als aan het einde van dit jaar de "audit the FED" wet wordt aangenomen.

Een opfrisser: The Clearing House Association bestaat uit ABN Amro, Bank Of America, The Bank Of New York, Deutsche Bank, HSBC, JP Morgan Chase, US Bank en Wells Fargo.

In een verklaring in de "zaak Bloomberg" laten de banken weten:

*The Clearing House submits this declaration because the Court's Order threatens to impair the ability of our members to access emergency funds through the New York Fed's Discount Window without suffering the severe competitive harm that public disclosure of their identity will cause.

Our members have accessed the New York Fed's Discount Window with the understanding that the Fed will not publicly disclose information about their borrowing, especially their identity. Industry experience, including very recent and searing experience, has shown that negative rumors about a bank's financial condition - even completely unfounded rumors - have caused competitive harm, including bank runs and failures.*

Yup, wanneer er openheid is, volgen er geruchten. Geruchten worden veroorzaakt door het feit dat iedereen weet wat de werkelijk financiële gesteldheid van de banken is.

Om de chantage compleet te maken:

If the names of our member banks who borrow emergency funds are publicly disclosed, the likelihood that a borrowing bank's customers, counterparties and other market participants will draw a negative inference is great. Public speculation that a financial institution is experiencing liquidity shortfalls - which would be a natural inference from having tapped emergency funds - has caused bank customers to withdraw deposits, counterparties to make collateral calls and lenders to accelerate loan repayment or refuse to make new loans. When an institution's customers flee and its credit dries up the institution may suffer severe capital and liquidity strains leaving it in a weakened competitive position.

www.zerohedge.com