Wednesday, December 31, 2008

The AAA bomb… or how I brought down the Capitalist Empire

Read the memoirs of a central planner who to avenge his defeat in Russia entered the bank regulatory system in Basel and created a formula of minimum capital requirements based on something titled default risks which allowed the build up of immense leverage for "risks" perceived as low; and thereafter managed to empower his credit rating moles to strike with nuclear force at the heart of the capitalist Empire.

A book dedicated to all those doing their utmost to provide the financial regulators with cover.

Tentatively published in fall 2009 by the Voice and Noise Foundation