Thai Baht losing against Western currencies

[midlifecrisis 4,048]

I wish the baht would lose a little more against the dollar. It must be five or six baht below my last trip a couple of years ago.

[wacmedia 277]

Remember how the troika creamed their jeans at the Cyprus buy-in? "This is a wonderful model! We should try this in Spain! In Portugal!"

 

When the hammer falls, TPTB will suddenly notice that a lot of farang have bank accounts in Thailand....

 

Hi,

It's a global model.

 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10374998/US-banks-no-longer-too-big-to-fail-says-Tucker.html

US banks no longer 'too big to fail', says Tucker America's biggest banks are now in a position to go bust without state intervention, the Bank of England's deputy governor declares Under the "bail in" arrangements regulators have been developing, a failing bank would be seized by the regulator over a weekend, shareholders would be wiped out and debt investors forced to bear big losses to recapitalise the balance sheet, and it would open again on the Monday.

[MeGoDanceNow 4,281]

 

Hi,

It's a global model.

 

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10374998/US-banks-no-longer-too-big-to-fail-says-Tucker.html

US banks no longer 'too big to fail', says Tucker America's biggest banks are now in a position to go bust without state intervention, the Bank of England's deputy governor declares Under the "bail in" arrangements regulators have been developing, a failing bank would be seized by the regulator over a weekend, shareholders would be wiped out and debt investors forced to bear big losses to recapitalise the balance sheet, and it would open again on the Monday.

 

That's actually a good way to do it. Wipe out shareholders first, then bondholders. Deposit holders should not be touched. This is to avoid the hazard of bank runs.