Rapture Bible Prophecy Forum

(Rapture is a Vatican/Jesuit Lie )
The "Resurrection" has been erroneously labeled The "Rapture". 
THERE IS NO RAPTURE

WHY THE TITLE RAPTURE BIBLE PROPHECY FORUM?
WE STARTED OUT BELIEVING IN A 7 YR PRE TRIBULATION RAPTURE
BUT FOUND OVER TIME AROUND 2006 THAT THE BIBLE DOES NOT SHARE A 
BIBLE VERSE WHATSOEVER INDICATING A 7 YR PRE TRIBULATION RAPTURE

BIBLE VERSES EVIDENCE:

While Yahusha/JESUS was alive, He prayed to His Father: "I pray not that thou shouldest take them out of the world, but that thou shouldest keep them from the evil.  John 17:15 (KJV)

Yahusha/JESUS gave signs of what must happen before His Return:  "Immediately after the tribulation of those days shall the sun be darkened, and the moon shall not give her light, and the stars shall fall from heaven, and the powers of the heavens shall be shaken:"  Matt. 24:29 (KJV)


WE DAILY STUDY TO SHEW OURSELVES APPROVED 
WE ARE NOT AFRAID TO SAY WE ARE LEARNING DAILY AND 
ARE ABLE TO ADMIT WE MAKE MISTAKES BUT STUDY TO 
LEARN EVERY DAY.

LET YHVH/YAHUSHA BE TRUE 
AND EVERY MAN A LIAR.

To Join and post on this site e-mail for a password
​​​​​​​stevensandiego@ymail.com

WEBSITE: HTTP://WWW.RAPTUREBIBLEPROPHECYFORUM.COM

FACEBOOK: https://www.facebook.com/pages/Rapture-Bible-Prophecy-Forum/362856490414697

Hebrew 5783-5788   Gregorian 2023-2028

THIS SITE IS ABOUT Yahusha/JESUS
 We are followers of Yahusha/JESUS Only​​​​​​​
Yahusha/JESUS IS GOD/YHVH
Yahusha/JESUS is YHVH/GOD/YHWH-Yahusha/Son:
​​​​​​​Yahusha/JESUS is The WORD

Yahusha is I Am That I Am  (Exodus 3:14)

Yahusha is YHWH  come in the flesh, He put aside His Diety to become a human, born of  a Virgin.

Yahusha is the Word, As The Most High, He spoke all things seen and unseen into existence

When YHWH created Light, He was revealed to the angels. 

John 14:26
"the breath of life"

But the Comforter, which is "the breath of life", whom the Father will send shall teach you all things.

God is not His  Name but a term.  The Holy Spirit is not a person but the very Breath of the Father.

There is no Trinity.  The Father, YHVH  and Yahusha are One  (John 10:30)

THE BOOK OF ENOCH

NOW IS THE TIME!

 FOR A REMOTE GENERATION THE LAST GENERATION FOR THE ELECT!

REFERENCES IN THE BOOK OF ENOCH TO THE BIBLE

https://bookofenochreferences.wordpress.com/category/the-book-of-enoch-with-biblical-references-chapters-1-to-9/chapter-1/

Book of Enoch: http://tinyurl.com/BkOfEnoch

The book of Second Peter and Jude Authenticate the book of Enoch and Vice Versa

Yahusha/JESUS QUOTED FROM THE SEPTUAGINT:

THE APOSTLES QUOTED FROM THE SEPTUAGINT

JEWS WERE CONVERTING TO CHRISTIANITY

FREE DOWNLOADS

All Of The Apocryphal Books Of

The King James 1611 Version

http://www.scriptural-truth.com/apocrypha_books.html 

Pray for one another, as we watch for the Lord's  return!


Bible Prophecy Forum Postings
Start a New Topic 
Author
Comment
Big banks craft "living wills" in case they fail


Our New Website URL
http://www.rapturebibleprophecyforum.com
For Fair Use Discussion and Educational Purposes


http://www.reuters.com/article/2012/06/27/us-banks-bailouts-wills-idUSBRE85Q0AZ20120627
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Facebook Page Rapture Bible Prophecy Forum: Please Check it out:LIKE it!


Big banks craft "living wills" in case they fail



By David Henry and Dave Clarke

NEW YORK/WASHINGTON | Wed Jun 27, 2012 4:29am EDT

NEW YORK/WASHINGTON (Reuters) - Five of the biggest banks in the United States are putting finishing touches on plans for going out of business as part of government-mandated contingency planning that could push them to untangle their complex operations.

The plans, known as living wills, are due to regulators no later than July 1 under provisions of the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts by the government. The living wills could be as long as 4,000 pages.

Since the law allows regulators to go so far as to order a bank to divest subsidiaries if it cannot plan an orderly resolution in bankruptcy, the deadline is pushing even healthy institutions to start a multi-year process to untangle their complex global operations, according to industry consultants.

"The resolution process is now going to be part of the cost-benefit analysis on where banks will do business," said Dan Ryan, leader of the financial services regulatory practice at PricewaterhouseCoopers in New York. "The complexity of the organizations will shrink."

JPMorgan Chase & Co (JPM.N), Bank of America Corp (BAC.N), Citigroup Inc (C.N), Goldman Sachs & Co (GS.N) and Morgan Stanley (MS.N) are among those submitting the first liquidation scenarios to regulators at the Federal Reserve and the Federal Deposit Insurance Corp, according to people familiar with the matter.

The five firms, which declined to discuss their plans for this story, have some of the biggest balance sheets, trading desks and derivatives portfolios of financial institutions in the United States.

Great Britain and other major countries are imposing similar requirements for "resolution" plans on their big banks, too.

The liquidation plans are coming amid renewed questions about the safety of big banks following JPMorgan's stunning announcement last month that a trading debacle has cost it more than $2 billion - a sum far too small to endanger the bank, but shocking enough to bring back memories of the financial crisis.

A NOD TO GLASS-STEAGALL

If the extensive planning and review process works as proponents hope, big banks will become less hazardous to the public and regulators will be more confident that they can let wounded institutions die without wrecking the economy.

In congressional hearings earlier this month, JPMorgan CEO Jamie Dimon said that the bank's contingency plan for going out of business would let it fail without cost to taxpayers. Living wills reduce the systemic risk of a big bank failing, Dimon said.

The living will requirement could actually yield similar results to restoring Glass-Steagall without actual re-enactment of the Depression-era laws separating commercial banking from investment banking, former FDIC Chairman Sheila Bair told Reuters TV earlier this month.

Bair said regulators may determine that for a liquidation plan to work, a bank must separate traditional banking and insured deposits into subsidiaries set apart from volatile securities trading and securities underwriting.

The rules push banks to untangle their complex structures, which can include thousands of legal entities, and which, in Bair's opinion, have effectively blocked proposals for breaking up the corporations.

Whether the Fed and the FDIC would actually force any banks to sell businesses or cordon off insured deposits remains to be seen, cautioned Richard Herring, a banking professor at the University of Pennsylvania.

"We don't know if they will have the guts to do it, but the tools are there," said Herring, a leading proponent of living wills for more than a decade, who was appointed to an FDIC advisory panel on the plans.

Herring worries, too, that the plans will be so long and complex that they will overwhelm the staff at the agencies.

Still, that the plans are being written at all is progress, Herring said.

PLAN FOR TWO WAYS TO DIE

Under the Dodd-Frank Act, banks and regulators must imagine liquidations in two different ways. The first is through bankruptcy courts with banks negotiating with their creditors. This is the going-out-of-business method planned in the living wills due July 1. The living wills must include how subsidiaries in foreign jurisdictions will be liquidated.

The second way is through a new kind of liquidation process in which the FDIC takes control of putting a financial giant down. This method has more flexibility than is allowed in bankruptcy courts, but still uses critical information collected in the banks' living wills, such as where exactly to find collateral.

The new rules stagger deadlines for the banks to file plans, depending on their size and complexity. Nine banks will file first, including five based in the United States and four owned abroad. Regulators have declined to name the nine banks included in the first round.

Other large banks will have until July and December of next year to hand in their plans, according to the FDIC. Eventually about 124 banks are expected to submit plans, according to the FDIC. There are about 7,300 banks in the United States.

Regulators and the big banks have been meeting since January on what the plans are expected to include. Fed and FDIC officials have said they expect the back-and-forth to continue once the plans have been submitted.

The rules give the banks a series of chances to refine their plans.

But if banks cannot come up with feasible liquidation plans, regulators could order the banks to get rid of businesses.

Government intervention is a last resort, said John Simonson, the FDIC's deputy director of Systemic Resolution Planning and Implementation in the Office of Complex Financial Institutions.

"I think a lot of progress can be made in having these firms make themselves more resolvable before you get to that point of actually imposing those severe remedies," Simonson said.

The regulators will want to see evidence that the banks can safely resolve their debts and transfer vital customer services and assets to healthy institutions.

The plans could easily be 2,000 or 4,000 pages long, depending on the complexity of the banks, said Ryan of PricewaterhouseCoopers. The plans include "very granular detail" about bank operations, he noted, adding that "in many cases, this is a large documentation exercise."

For example, the banks must spell out plans for hiring lawyers and contacting regulators in key countries.

The rules for crafting the living wills are 74 pages long, including an explanatory supplement. The plans could even include drafts of press releases showing how the banks would announce that they are going out of business, Herring said.

The plans are to include summaries for the public, but most of the data will be kept confidential at the request of the banks concerned about revealing trade secrets, according to the rules.

The FDIC has not said when the summaries would be released.

The regulators estimated it will take all of the 124 banks combined about 1.3 million hours of work to write their initial plans, and each year afterwards, 267,544 hours to keep them up to date. A 40-hour work week for a single employee equals 2,080 hours a year.

(Reporting by David Henry in New York, Dave Clarke and Karey Wutkowski in Washington and Rick Rothacker in Charlotte, North Carolina; Editing by Alwyn Scott and Jan Paschal)



+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Zechariah 12:3,9:
And in that day will I make Jerusalem a burdensome stone for all people; And it shall come to pass in that day, that I will seek to destroy all the nations that come against Jerusalem.



+++++++++++++++++++++++++++++++++++++++++++++

Disclaimer: Rapture Bible Prophecy Forum, ( http://www.rapturebibleprophecyforum.com ) does not necessarily endorse or agree with every opinion expressed in every article posted on this site. We do however, encourage a healthy and friendly debate on the issues of our day. Whether you agree or disagree, we encourage you to post your feedback by using the reply button.

If you are new to this site and would like to post articles, opinions, youtube videos that are appropriate for this site just e mail me at

stevensandiego@ymail.com

I will send you a PASSWORD

Ybic

Steven

Our New Website URL
http://www.rapturebibleprophecyforum.com

Facebook Page Rapture Bible Prophecy Forum: Please Check it out