Comments on: Is Basel III already prompting bank sales? http://blogs.reuters.com/felix-salmon/2010/06/10/is-basel-iii-already-prompting-bank-sales/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Tiu http://blogs.reuters.com/felix-salmon/2010/06/10/is-basel-iii-already-prompting-bank-sales/comment-page-1/#comment-15793 Fri, 11 Jun 2010 11:44:35 +0000 http://blogs.reuters.com/felix-salmon/?p=4214#comment-15793 Leverage and fiat money (as unleashed by Basel II) is the destroyer of our world.

http://gregpytel.blogspot.com/2009/04/la rgest-heist-in-history.html

Read it then send GeeDubYah and Tony B Liar and thank-you card.

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By: HBC http://blogs.reuters.com/felix-salmon/2010/06/10/is-basel-iii-already-prompting-bank-sales/comment-page-1/#comment-15784 Fri, 11 Jun 2010 03:04:51 +0000 http://blogs.reuters.com/felix-salmon/?p=4214#comment-15784 Slight split of the hair here: owning banks is dangerous mainly if you’re not related to the seller when you find yourself on the receiving end of a spin-off. Caveat emptor!

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By: doctorjay317 http://blogs.reuters.com/felix-salmon/2010/06/10/is-basel-iii-already-prompting-bank-sales/comment-page-1/#comment-15781 Fri, 11 Jun 2010 01:57:05 +0000 http://blogs.reuters.com/felix-salmon/?p=4214#comment-15781 “We need to destroy this greed”

We can’t. We can only control it. Greed is an integral part of human nature and is essential for survival.

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By: HBC http://blogs.reuters.com/felix-salmon/2010/06/10/is-basel-iii-already-prompting-bank-sales/comment-page-1/#comment-15765 Thu, 10 Jun 2010 18:06:57 +0000 http://blogs.reuters.com/felix-salmon/?p=4214#comment-15765 If Basel II was the complete failure I understand it was, and Basel III (as seems likely) is too lenient, too late, going through the motions in other words, then it would behoove governments to enforce stress-testing of “assets” as they’re being sold off by institutions such as BofA rather than surmise seller motives.

Because later, when it’s too late, we’re likely to be told that “all that could be done” was being done, and the next murky layer of duplicity by the same old offenders who brought us the last crisis “wasn’t illegal at the time”. And that’s the loophole every TBTF banker is most likely to be looking for in an industry as utterly unproductive as today’s investment banking, really, isn’t it?

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