How will the change affect us?

To our new Treasurer ....................   how will this be dealt with, as this topic is being broadcast all over this nation to warn Americans of a Fed Res bank crash

BANK FAILURE, HEART FAILURE?

If this article doesn't shatter rosy glasses, nothing will.
U.S., British Regulators Test Readiness for Big Bank Failure
Fed, Treasury Officials Meet With British Counterparts to Rehearse Hypothetical Cross-Border Bank Collapse
Oct. 10, 2014
By Paul Hannon and Victoria McGrane
Wall Street Journal
WASHINGTON—They say practice makes perfect, so top U.S. regulators and their British counterparts will conduct “war games” Monday to rehearse how they would handle the failure of a huge financial firm with operations in both countries.
Federal Reserve Chairwoman Janet Yellen, Treasury Secretary Jacob Lew and other U.S. regulatory chiefs will join forces with Bank of England Gov. Mark Carney, U.K. Chancellor of the Exchequer George Osborne and British regulators in Arlington, Va., for the sessions focused on a major, hypothetical cross-border bank failure.
The exercise—the first of its kind—is intended to test the new strategy developed by international regulators in the past six years aimed at handling the collapse of megabanks without the taxpayer bailouts and market tumult that characterized the 2008 crisis.
Making the plan work, and convincing the world it can work, is part of the regulators’ drive to end the problem of “too big to fail” institutions—those whose collapse would o so much damage to the wider economy that policy makers would be forced to use taxpayer funds to keep them in business.
“We want to make sure we are able to handle an institution that previously would have been too big to fail,” Mr. Osborne told reporters Friday, during meetings here of the International Monetary Fund. “We are confident in this framework, but we are testing it.”
Monday marks the first time that various principals, or officials who would make the big calls in a real-life crisis, will meet in person for such an exercise, though they have spoken about it on the phone before and staff members have been working together, according to officials.
International coordination is vital for such a plan to work, since the biggest banks have tentacles far beyond their home countries. U.S. banks are heavily exposed to the U.K., and vice versa. More than 80% of the international assets and derivatives of top U.S. banks are based in the U.K, for instance, according to the FDIC.
The chief executives of 18 large U.S., European and Japanese banks are set to agree in principle at the Fed on Saturday to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, said people familiar with the meeting.³

STEP UP
We've had so many, many warnings to get ready in all arenas – physically, spiritually, mentally. Numerous, major natural disasters remind us Earth is a fragile piece of real estate; economic dips and slips send tremors throughout global markets (at one point yesterday, the Dow plunged more than 460 points – a true Pepto-Bismol day); new or formerly 'dead to America' diseases are coming ashore; food is poisoned by GMOs, pesticides, aspartame, etc; and government stripped a record $3 TRILLION from our wallets in taxes this year. The list of dramas and traumas is longer than Walmart lines stampeding for the latest Christmas toy. Government tries to dictate our lives, invades every aspect of privacy, strips away our dignity and rips away Constitutional rights. They strive to replace decency with the unthinkable.
When a Texas city – God-fearing TEXAS – issues "subpoenas demanding pastors turn over any sermons dealing with homosexuality, gender identity or Annise Parker, the city’s first openly lesbian mayor"⁴ – you know the world is upside down. Ministers who fail to comply could be held in contempt of court. This is insanity.
Had the bilious conditions we are now forced to swallow been instituted overnight instead of incrementally, its authors would have been met with a lead-lined 'howdy'. Martial law and FEMA camps would surely characterize America.
Regardless of political persuasion, people are getting it. Even the 'sleepy Sadies' are waking to the rude screech of an imploding world. Nearly everyone sees that the America we knew just a decade ago has vanished. Believers know we are at the brink of Tribulation, maybe 2 toes in. Non-believers see the globe is a mess and are waiting for the hammer to slam.
A new poll released Oct. 15, finds 58% of voters feel things in the world are “going to hell in a handbasket.” That includes nearly half of Democrats (48%) and majorities of independents (61%) and Republicans (71%).⁵

That is extraordinarily ugly for Obama — and Americans! We're the ones who have to live with his 'fundamental transformation of America' for another two years. Heaven only knows what shape this Country will be in by then… MORE

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