You're actually right about the capital requirements--one of our regulars here says the solution is not to break up the TBTF banks, but the up the capital requirements as you say. Hell I don't care--one or the other. Whatever works.
You're also right about over-leveraged--in some cases these banks were overleveraged 35-1. That is insanity.
And you're right once more that small banks are getting the shaft from regulation whereas the TBTF banks get to walk right through it.
SweetMercifulPussSpewingDeath! CDO's are back!
Re: SweetMercifulPussSpewingDeath! CDO's are back!
by calicon » Fri Feb 01, 2013 1:49 pm
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Re: SweetMercifulPussSpewingDeath! CDO's are back!
by John Galt » Fri Feb 01, 2013 2:48 pm
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.
My life has become a single, ongoing revelation that I haven’t been cynical enough.
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Re: SweetMercifulPussSpewingDeath! CDO's are back!
by calicon » Fri Feb 01, 2013 3:52 pm
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Re: SweetMercifulPussSpewingDeath! CDO's are back!
by John Galt » Fri Feb 01, 2013 4:14 pm
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.
My life has become a single, ongoing revelation that I haven’t been cynical enough.
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Re: SweetMercifulPussSpewingDeath! CDO's are back!
by Indy » Fri Feb 01, 2013 4:15 pm
Um, yeah it is relevant.
You're insinuating that anybody who voted for Obama is enabling this.
So the alternative was to... vote for Romney?
Because he's just as much in the tank for Wall St.--if not more--than Obama.
So that argument is a wash.
You're insinuating that anybody who voted for Obama is enabling this.
So the alternative was to... vote for Romney?
Because he's just as much in the tank for Wall St.--if not more--than Obama.
So that argument is a wash.
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