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| New Banking Regs | |
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| Tweet Topic Started: Jan 7 2013, 04:43 PM (236 Views) | |
| Pasta | Jan 7 2013, 04:43 PM Post #1 |
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Chief Engineer
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Funny, a few days ago I was talking to my son about how so little of the money in the banking system has found its way into investments that would spur economies. These new banking regs will be good for the global economy without question. The banks have successfully argued that there are very secure forms of cash equivalents other than sovereign debt. One could argue that sovereign debt is mostly not that secure anyway. By enabling banks to put their cash reserve requirements into corporate paper, this will finally have a multiplier effect and should stimulate the economies significantly. So much of the bailout funds have really been idle. Furthermore sovereign debt default has cost banks almost as much as the sub prime losses - maybe more. So good news for the world. Time to start a new business!!! |
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8:57 AM Jul 11