Comments on: Is Basel III already prompting bank sales?

By: Tiu

Tiu — Fri, 11 Jun 2010 11:44:35 +0000

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.

By: HBC

HBC — Fri, 11 Jun 2010 03:04:51 +0000

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!

By: doctorjay317

doctorjay317 — Fri, 11 Jun 2010 01:57:05 +0000

“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.

By: HBC

HBC — Thu, 10 Jun 2010 18:06:57 +0000

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?