Thursday, July 14, 2011

Did the Basel Committee outsource the drafting of Basel I-II-III to Fidel Castro in Cuba?

Something like that must have happened because regulations that order banks to hold much much more capital when lending to small businesses and entrepreneurs, than when lending to the government, can only be described in terms of a communistic ruled access to bank credit.

SEE THE VIDEO. Loony bank regulations explained in an apolitical red and blue!