Saturday, August 31, 2013
January 2015, the generous bank regulators, are going to get clobbered. And no risk-weights mumbo jumbo will save them.
In January 1, 2015, according to the Basel Committee, banks are to disclose their leverage ratio, not based on risk-weighted assets, but simply on total assets, and as of course, the banks should have done all the time.
And at that moment bank regulators who have been the most generous to their banks are going to get clobbered, and no risk-weighting mumbo jumbo is going to save them.
Thursday, August 29, 2013
Young! Fight for your right that the society, through its banks, takes the risks you need for your future
PS. In fact there is no way that when the young finally understand the hurt that is being done to them, that they will not revolt… and then perhaps suggest to us older the reinstatement of an “Ättestupa”