June 11, 2011 at 12:47 PM EDT
Major Banks Likely to Get Reprieve on New Capital Rules
The real problem is if you understand what a bank is, you wouldn’t be trying to use capital ratios to protect taxpayer money. First, notice that the many of the same people clamoring for higher capital ratios have also supported ‘nationalization’ of banks, which means there is no private capital. So it should be obvious [...]
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