• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

In Living Will Color: Translating What The Banks Really Said

Tyler Durden's picture


In honor of the FDIC releasing the living wills for banks, we thought we’d offer up a shorter version that the banks could use. You're welcome.

My Desire for a Natural Death

I, ______[BANK NAME HERE]_______, being of sound mind, desire that, as specified below, my life not be prolonged by life prolonging measures:


1. When My Directives Apply

My Living Will shall go into effect if my central banker determines that any of the following conditions apply:

  • I have a large amount of short-term debt that I cannot roll over in the overnight lending market.
  • I become severely undercapitalized and I cannot raise additional capital in the open market.
  • My care providers determine that I have made some questionable bets that cannot be unwound without systemic risk.


2. My Directives about Prolonging My Life

In those situations I have outlined above, I direct that my central bankers to perform the following procedures:

  • First, deny anything is wrong and insist that I am well capitalized.
  • Second, continue to insist everything is fine and blame short sellers for creating a panic. [Bonus points for instituting a ban on short selling]
  • Third, attempt to force me onto another bank as a questionable acquisition.


If none of the procedures above work, Tim Geitner and Ben Bernanke shall yell “FINISH HIM” in unison as they pull my access to the life sustaining Federal Reserve Discount Window.


3. I Wish to be Made as Comfortable as Possible

I direct that my health care providers to NEVER MARK-TO-MARKET MY ASSETS so as to keep me as comfortable and free of pain as possible so that my dignity is maintained.


4. I Understand my Advance Directive

I am aware and understand that this document directs certain life prolonging measures to be withheld or discontinued in accordance with my advance instructions.



Signature of Bank


(h/t Nori Yoshida of PaperBlog)

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Tue, 07/03/2012 - 16:36 | 2585146 Pladizow
Pladizow's picture

Do Zombie's need a "living" will?

Tue, 07/03/2012 - 16:37 | 2585153 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Take down the zombie banks!

Buy silver!

Join the July 13th Silver Army, and buy silver this day!

Tue, 07/03/2012 - 16:38 | 2585155 veyron
veyron's picture

Fuck silver, buy gold!

Tue, 07/03/2012 - 16:45 | 2585183 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Whatever floats your boat.

Tue, 07/03/2012 - 16:48 | 2585200 DoChenRollingBearing
DoChenRollingBearing's picture

Whatever sinks your boat.

Tue, 07/03/2012 - 16:50 | 2585205 SilverTree
SilverTree's picture

Submarines Bitchez!

Tue, 07/03/2012 - 17:00 | 2585228 FEDbuster
FEDbuster's picture

Buy lead, brass and copper.  Might have to use some silver instead of lead for the Vampires out there.

Tue, 07/03/2012 - 17:46 | 2585345 Michael
Michael's picture

Here's a little video I put together from In Living Color skits;

Homey D. Clown Don't Kiss the Man's Ring


Wed, 07/04/2012 - 07:54 | 2586285 Silver Kiwi
Silver Kiwi's picture

excellent :)

Tue, 07/03/2012 - 18:03 | 2585379 saturn
saturn's picture

Buy Mars, coz Earth ran out of Snickers after operation Twix failed. (And no, you don't have enough to buy the Milky Milky Way!)

Tue, 07/03/2012 - 18:06 | 2585396 tmosley
tmosley's picture

That post was well worth 100 Grand.

Tue, 07/03/2012 - 18:10 | 2585401 LongSoupLine
LongSoupLine's picture

I'm saving up for whatchamacallit...(no wait, it was thingamajigs)

Tue, 07/03/2012 - 18:57 | 2585467 francis_sawyer
francis_sawyer's picture

Oh Henry!... You'll have to wait for Pay Day for that Goober... But a word of advice... Don't trust Butterfingers with your loot, or else Baby Ruth & his gang of Snickering 3 Musketeers might Crunch his ass into Krackeling Mounds of Reese's Pieces right on 5th Avenue... They won't know what Tootsie Rolled them until after they've bee Zagnutted & Snowcapped into a Junior Mint Zero...

Wed, 07/04/2012 - 02:07 | 2586122 Joe Sixpack
Joe Sixpack's picture

(And no, you don't have enough to buy the Milky Milky Way!)


With derivatives, anything is possible!

Tue, 07/03/2012 - 16:43 | 2585172 tmosley
tmosley's picture

That doesn't make any sense at all.

Accumulate slowly and steadily while they keep the price down.  A sudden spike will upset things and we will wind up with less, and the price during the industrial panic that will follow the silver market collapse won't go as high as it would with a smaller remaining stockpile.

Tue, 07/03/2012 - 16:44 | 2585180 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Whatever dude.  With your strategy there will be a point when you had wished you had bought more.

Tue, 07/03/2012 - 17:10 | 2585254 tmosley
tmosley's picture

How?  I spend almost 50% of my paycheck on silver.  Basically everything that doesn't go to bills goes into the phys.

Buying a bunch of phys all at once is only going to clean out local coin shops and maybe retailers.  You can't force shorts to cover unless you buy up all of the long contracts and demand delivery, at which point you would just get MF'd.  That is, unless you think the system is fair, and that shorts don't have access to infinite fiat, and that the powerful won't just confiscate your accounts when you get to be troublesome.

It didn't work for Keiser, what makes you think it will work for you?  Remember what Einstein said about insanity before you answer.

Tue, 07/03/2012 - 17:22 | 2585291 Rahm
Rahm's picture

Actually LH came up with it, Keiser took the idea from him. 

Tue, 07/03/2012 - 17:27 | 2585298 tmosley
tmosley's picture

Interesting, if beside the point.  Why would it work now, when it didn't work then?

Tue, 07/03/2012 - 17:50 | 2585351 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think it is working, and I am not saying you aren't doing justice, not am I saying your idea is not brillian in respect that you are purchasing a large quantity.  But just as we all want to benefit financially, we should all want to benefit in terms of a society.  We need to get rid of the banks, and taking the silver off of the shelves we can make it so their shorts get squeezed.  Their positions are large, and so will be their losses.

It is always best to go at a target headlong.  We must take them down at once.  What better time than now?

Tue, 07/03/2012 - 18:04 | 2585387 tmosley
tmosley's picture

Bully for you, but the banks are going to collapse all on their own, right along with the states that have backed them.  They can no more stop themselves from collapsing than a man can build a new floor at the top of a building by taking materials from the bottom floor.

I, personally have an interest in seeing them continue for as long as possible, as I get more fiat with which to buy more silver.  I won't begrudge the move when it comes, nor those who triggered it, but I will myself refrain from pulling the trigger.  I suspect that many around the world feel the same way, especially the foreigners who are accumulating gold like there is no tomorrow.

Tue, 07/03/2012 - 20:50 | 2585695 buckethead
buckethead's picture

They can no more stop themselves from collapsing than a man can build a new floor at the top of a building by taking materials from the bottom floor.

Poetic. This is the perfect analogy.

Wed, 07/04/2012 - 08:54 | 2586381 VelvetHog
VelvetHog's picture

Forget all this construction.  Just say "Ponzi".

Tue, 07/03/2012 - 18:13 | 2585404 NotApplicable
NotApplicable's picture

Until you clean out the dealers who then have to go to the Crimex for more "cheap" bars for minting, I don't see how this can do anything other than make all of the physical disappear. As for Crimex deliveries, Corzine broke the handle off of the door on the delivery dock.

Last I heard, Celente has no metal, nor his FRNs back.

The whole thing should've been done as a PR stunt (to raise awareness of the manipulation by JPM), rather than attempting to bust them. If this ever does get to a pressure point, they'll destroy Keiser just to let the rest of us know that they aren't to be fucked with.

As for "getting rid of the banks," LOL WUT???? C'mon, you should know that all zombies known as failed industries are just another arm of fedgov (airlines, auto mfr., and now financial services). As long as fedgov exists, so will the zombies.

Tue, 07/03/2012 - 17:38 | 2585322 Marginal Call
Marginal Call's picture

Every body taking their money to credit unions and using co-op businesses where feasible will have 1000X the effect.   But, I've got PMs as insurance against collapse-not to cause it.  I just want the crooks to go out of business and go to jail. 

Tue, 07/03/2012 - 17:56 | 2585361 Doña K
Doña K's picture

Unfortunately most big accounts will stay with the big banks as they are TBTF. credit unions are geat but if everyone moves money in credit unions to the point that there is threat to the big ones, you will see new regulation on credit union restrictions. they have all the aces.

Tue, 07/03/2012 - 18:14 | 2585411 NotApplicable
NotApplicable's picture

CU's are every bit as fucked up as banks these days.

Thank ZIRP!

Tue, 07/03/2012 - 18:06 | 2585395 rqb1
rqb1's picture

what is the july 13th sliver army?


Tue, 07/03/2012 - 17:43 | 2585334 Peter Pan
Peter Pan's picture

The bank"s living will should have a provision allowing for any bonuses paid to directors in the previous three years to be clawed back. If the ship goes down, then so too must the captain.

Tue, 07/03/2012 - 16:37 | 2585149 tmosley
tmosley's picture

Somehow this comes to mind: http://www.youtube.com/watch?v=ei-2xTsyL8w skip to 1:41

Tue, 07/03/2012 - 17:34 | 2585299 Ratscam
Ratscam's picture

rather the song "Glamour boys" by the band Living Colours which described todays situation back in the late 80is. Change takes generations! Damn!

Tue, 07/03/2012 - 16:37 | 2585151 SheepDog-One
SheepDog-One's picture

Sign over your lives, bankster bitchez.

Warm Regards....Satan.

Tue, 07/03/2012 - 16:38 | 2585159 emersonreturn
emersonreturn's picture

pull the plug please (ptpp)

Tue, 07/03/2012 - 16:43 | 2585161 francis_sawyer
francis_sawyer's picture

What the banks REALLY need is 'Fire Marshall Bill'... (the francis_sawyer nominee for chief of BIS)...



Tue, 07/03/2012 - 16:39 | 2585162 frieswiththat
frieswiththat's picture


Tue, 07/03/2012 - 16:40 | 2585167 Yen Cross
Yen Cross's picture

 Anything not on the books is " not levered" , AKA dark Pools!

Tue, 07/03/2012 - 16:46 | 2585190 knukles
knukles's picture

Highly unlikely that "Tim Geitner and Ben Bernanke shall yell “FINISH HIM”" and destroy fufture employment prospects.  Look at what Bobby Rubin mooched out of Cicit's shareholder base!

Bite the hand that feeds it or bite me?
Which it gonna be?
Bite me.

Tue, 07/03/2012 - 16:57 | 2585224 Marginal Call
Marginal Call's picture

Two snaps up in a circle. 

Tue, 07/03/2012 - 17:01 | 2585236 LawsofPhysics
LawsofPhysics's picture

Anyone remember that partial audit of the Federal Reserve?

"The audit of the Fed’s emergency lending programs was scarcely reported by mainstream media – albeit the results are undoubtedly newsworthy.  It is the first audit of the Fed in United States history since its beginnings in 1913.  The findings verify that over $16 trillion was allocated to corporations and banks internationally, purportedly for “financial assistance” during and after the 2008 fiscal crisis."


Where does candidate Romney stand on this?  Is this capitalism?  Fucking fascists.


Tue, 07/03/2012 - 17:18 | 2585278 unununium
unununium's picture

Audit the Fed needs your support right NOW


Very good chance of passing the house before the recess

Tue, 07/03/2012 - 18:16 | 2585414 NotApplicable
NotApplicable's picture

I don't understand how "choosing liberty" equates to "supporting the beast."

Sorry, your incoherence is showing.

Tue, 07/03/2012 - 17:10 | 2585257 The Alarmist
The Alarmist's picture

Can we, as interested creditors, apply for a death warrant for these bastards?

Tue, 07/03/2012 - 17:16 | 2585276 falak pema
falak pema's picture

there is a rumor out on the moon that Neil Armstrong is returning. Its created a huge buzz amongst the dead matter on the planet.

"Imagine", says a dead stone to a deader piece of dirt rolled up like a turd, "This living, breathing thing is coming back to visit us."

"I hope he doesn't have his six iron with him." Said the roll of soft, rubbery dirt.

"So do I, I don't want to be sent around the moon like the proverbial cow, jumping and going round n round" said the stone, with a  long dead groan suddenly revived.

"I know how you feel brother, he did pee on me and it left me with an indelible stain. I can still feel it in my left thigh."

"They say he is coming with a bunch of rich fellow-men who have run away from their planet; they are known as bankstas and they want for some reason to find a new home. Neil Armstrong is playing lead pioneer riding stage coach for them on this run."

"You know one alien is fine, but I don't like the idea of being colonised by a whole bunch of these invaders."

"I hear you brother, I have the spirit of those lost sons of our planet who went and visited theirs a thousand years ago. I like adventure but not being at the receiving end of a dirty dozen."

"Oh you mean our rare earths, I wonder what they became." said the stone. 

"Well I'm sure of one thing, we send our best to their planet and they send us their worst. If any guy pisses on me again I'll fart in his face."

They left it at that, as to them Neil was a nostalgic dream. But a banksta...now that was another story with an ominous ring.


Tue, 07/03/2012 - 17:48 | 2585348 caimen garou
caimen garou's picture

Excellent Tylers

Tue, 07/03/2012 - 20:17 | 2585650 q99x2
q99x2's picture

Fuck that they need to include step 9: Made direct amends wherever possible

Tue, 07/03/2012 - 20:38 | 2585675 highwaytoserfdom
highwaytoserfdom's picture

Blame the shortsellers except the Paulsons shorting the shadow inaccessible markets and accusing short sellers of being anti  American terrorist.. Notice Iceland told BOA Banksters to go F%ck themselves and **** jail terms for banksters**** ...   Now Iceland is recovering.. Despite Brown repeatedly invoking anti terrorist laws...  The fascist are here in the name of patriot acts..   Very clever article...  Sad for the world we are leaving for our decedents...   Remember it is not the ruse Rombama or obamney care that should be on everyone's mind but the much more important Audit the FED movement..    Go Howard Beal and laugh and enjoy the holiday..

Wed, 07/04/2012 - 03:44 | 2586173 elwu
elwu's picture

That's a good one!


BTW; Deutsche Bank in it's will made it very clear what it would do in case of terminal illness: throw all the junk it has on its books onto the FMS Wertmanagement. Which is the bad bank backed by German taxpyers. Good plan: socialize losses, as any good ultracapitalist finance industry business does since a few years.

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